Bank of New York Pershing unit launches online account management system

Source: Bank of New York

Pershing Advisor Solutions LLC unit of The Bank of New York Company, Inc. has launched NetExchange Investor, a comprehensive online account management solution for independent registered investment advisors' clients.

NetExchange Investor allows RIAs to provide their clients with real-time access to a wide range of critical business information on their investment portfolios, as well as financial market activity around the world.

The NetExchange Investor, which replaces Pershing's PortfolioPoint platform, will offer the following new features:

* Seamless access to account information, including current and archived trade confirmations, periodic account statements and yearly tax statements
* Access to BillSuite, a leading bill payment and presentment service
* Consolidated snapshots of account activity, positions and balances, including anticipated dividend payments and income distributions, and the ability to view related accounts
* Broad array of market activity, including snapshots of how benchmark market indices are performing at any given point during the day and information about market movement and most actively traded stock
* Easy-to-use administrative features, including Microsoft Excel download capabilities and enhanced instructional information on the usage of Quicken and Microsoft Money
* Cutting-edge design and navigation capabilities

John Iachello, managing director at Pershing Advisor Solutions, said, "We are enhancing and developing new products and technology solutions that help independent registered investment advisors create growth, maintain their competitive advantage and enhance the level of service they provide to their customers. When it comes to communicating with clients, NetExchange Investor provides advisors with the customizable tools, functionality and features they need to increase productivity and maximize results."

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