 |
February 03, 2003
The Guardian Insurance & Annuity Company, Inc. (GIAC) and Park Avenue Securities (PAS) Select Thomson ONE Wealth Management Solution
Thomson Advisor ONE Positions Client's Interests at Center of the Financial Professional's Workflow To Deliver Highly Personalized And Consistent Investment Advice
New York, NY, February 3, 2003 Thomson Financial, an operating unit of The Thomson Corporation (NYSE: TOC; TSX: TOC), and leading provider of information and technology solutions to the worldwide financial community, today announced that The Guardian Insurance & Annuity Company, Inc. (GIAC) and Park Avenue Securities LLC (PAS) have selected Thomson Advisor ONE as their enterprise solution for delivery of wealth management services.
Thomson Advisor ONE is a customizable institutional-grade Web-based desktop solution that positions a client's interests at the center of a financial professional's workflow to deliver highly personalized and consistent investment advice. Tailored to the specifications of both GIAC agents and PAS registered representatives, Thomson Advisor ONE is a component of Thomson ONE, a flexible, open application framework that allows for easy integration and distribution of Thomson products, third party and proprietary products onto one convenient platform.
Thomson Advisor ONE simplifies the financial professional's workflow and streamlines client-servicing activities to enable higher quality and more efficient customer service for a large number of clients. All modules of Thomson Advisor ONE, including Asset Allocation, Financial Planning and Investment Center, are designed as an integrated suite of workflow tools that work together and share data, and are highly configurable to fit the needs of individual firms.
Utilizing the modules, financial professionals of both GIAC and PAS are able to design, implement and monitor the long-term investment strategies of their clients, as well as provide guidance on how to best preserve and transfer their wealth. Modules include:
— Advanced investment profiling and selection tools
— High-quality, NASD-compliant client presentations and reporting
— Portfolio management and re-balancing functionality
— Complete mutual fund, stock, variable annuities and indices databases.
"We are very excited to partner with Thomson for our wealth management services. We feel that these services will help us continue to grow our businesses," said James Clements, Vice President, Park Avenue Securities LLC.
"Selecting the right asset allocation strategy is especially challenging in the current economic environment. Using Thomson's technology, we are happy to offer customized programs which offer asset allocation solutions", said Peggy Coppola, Vice President, The Guardian Insurance & Annuity Company, Inc.
"Thomson Advisor ONE meets the entire workflow needs of the retail market," said William O'Conor, Managing Director, Thomson Retail and Wealth Management Services, Thomson Financial. "By seamlessly integrating wealth management tools and client account information, it helps improve the effectiveness of client services and ultimately, overall profitability," said O'Conor.
Thomson ONE is both an architecture and new service configured to the specific needs of institutional, brokerage and fixed income market professionals. Each component or product suite is tailored to a different audience: Thomson Equity ONE is aimed at the institutional equities market: Thomson Advisor ONE offers wealth management tools integrated with market data, and Thomson Yield ONE is the fixed income version to be introduced early this year. An investment banking component of Thomson ONE will be unveiled this month, with investment management and investor relations product suites being introduced later in 2003.
About Guardian The Guardian Insurance & Annuity Company, Inc. (GIAC), Guardian Investor Services LLC (GIS), and Park Avenue Securities LLC (PAS) are wholly owned subsidiaries of The Guardian Life Insurance Company of America (Guardian), New York, NY, and located at 7 Hanover Square, New York, NY 10004. Annuities are issued by GIAC, a Delaware corporation, and mutual funds and variable annuities are distributed by GIS. Securities products and services are offered through PAS. Guardian is the fourth largest mutual life insurance company in the United States. As of December 31, 2001, Guardian and its subsidiaries had $34.3 billion in assets. Founded in 1860, Guardian is listed among Fortune magazine's top 500 businesses---and in 2002 was ranked once again as one of the top 10 most admired life and health companies in Fortune's "America's Most Admired Companies" list. With 5,500 employees, over 2,700 financial representatives and 100 agencies nationwide, Guardian and its subsidiaries protect individuals, businesses and their employees with life, disability, health and dental insurance products as well as offering mutual funds, annuity investment products, and trust services. More information on Guardian can be obtained at: www.guardianlife.com.
About Thomson Financial
Thomson Financial is a US$1.6 billion provider of information and technology solutions to the worldwide financial community. Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results. Thomson Financial is part of The Thomson Corporation (www.thomson.com), a leading provider of value-added information, software applications and tools to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. The Corporation reported 2001 revenues of US$7.2 billion and its common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
| |
