Home Banking & Finance FactSet signs as Merrill Lynch’s primary market data provider

FactSet signs as Merrill Lynch’s primary market data provider

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FactSet announced it has been selected to be the primary market data provider for Merrill Lynch Wealth Management.

Starting in the fourth quarter, the Norwalk-based company’s web-based platform will be provided to more than 15,000 wealth management professionals across Merrill Lynch’s operations. FactSet’s multiyear, enterprise-level agreement with Merrill Lynch also includes the integration of its data feeds into Merrill Lynch’s internal applications and client-facing portals. FactSet is replacing Thomson Reuters as Merrill Lynch’s main source of market information.

“Wealth management is a growing part of our business and currently represents approximately 10 percent of our Annual Subscription Value,” said Phil Snow, CEO of FactSet. “Being selected by Merrill Lynch demonstrates how quickly we have progressed in this space and is a testament to the strength of our overall offering.”

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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