Bloomberg announced that LGT Wealth Management, one of the leading wealth managers in the UK, has adopted Bloomberg’s integrated buy-side solutions to create a seamless workflow for the entire front-to-middle-office trade lifecycle. Bloomberg will support LGT Wealth Management’s current Funds business and the acquired Abrdn Capital funds.
Will Habberfield, COO at LGT Wealth Management, said, “Our adoption of Bloomberg’s buy-side solutions has provided meaningful opportunities for our organization to unify our workflow, from idea generation to order modeling, execution and post-trade processes. With Bloomberg, we have deeper portfolio insights, as well as the ability to utilize automation and straight-through processing across our workflow alongside a technology partner that will continue to support us as we grow.”
With this adoption, LGT Wealth Management benefits from a streamlined order and portfolio management experience utilizing AIM, Bloomberg’s leading order and investment management technology solution, and PORT Enterprise, for performance attribution, risk and liquidity analysis. Bloomberg’s post-trade operations capabilities allow the firm to complete inbound reconciliation processes from their custodian partners, as well. The firm will also use Bloomberg BTCA for transaction cost analysis and Bloomberg RHUB for MiFID II Transaction reporting requirements.
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Together, these solutions create a consistent, efficient offering across the enterprise workflow that will support LGT Wealth Management as it continues to grow and evolve to meet future technological, regulatory, and operational needs. A key component of the adoption has been the use of the Portfolio Manager Workspace (PM <GO>) solution integrated into the order management offering, providing a single experience for LGT Wealth Management Investment Managers to surface actionable data points specific to their portfolios.
“Bloomberg’s strength lies in the interoperability and integration across our solutions set for the buy-side and it’s been an exciting project to implement this new workflow for LGT Wealth Management,” said Jose Ribas, Global Head of Buy-Side Solutions, Bloomberg. “We’re proud to be the vendor of choice to support this next stage of growth for their firm.”
Bloomberg AIM is a leading order and investment management technology solution with multi-asset decision support and portfolio management, order management, trade compliance and post-trade workflows. Bloomberg AIM is used by nearly 15,000 professionals at over 900 client firms globally to manage more than $22 trillion in assets. PORT and PORT Enterprise provide portfolio and risk analytics with advanced risk and return attribution models across 15,000 firms globally empowering clients to gain deeper insights into portfolios. Together, these solutions manage integrated workflows of more than 300 shared clients, including over 100 of the world’s top asset managers by AUM. For more information, visit Bloomberg Buy-Side Solutions.
Bloomberg BTCA delivers robust multi-asset transaction cost analysis harnessing Bloomberg’s global market data across a wide range of trading benchmarks. BTCA offers impactful trading insights that help clients create and monitor optimal trading and execution strategies. Using BTCA’s powerful exception-based workflows, traders can efficiently meet a firm’s compliance and execution policies through granular analysis of the entire trade flow life cycle.
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