23 May 2018
https://www.avoka.com

Pershing expands managed account suite for registered investment advisors

02 June 2009  |  2202 views  |  0 Source: Pershing

Pershing, a subsidiary of The Bank of New York Mellon Corporation (NYSE: BK), announced today that it has expanded its suite of managed account solutions for independent registered investment advisors (RIAs) and advisors in transition.

These new capabilities provide advisors with access to a diverse list of industry-leading money managers and a broad spectrum of managed account tools and services to help them better serve their clients.

Pershing's expanded separately managed account platform provides RIAs and advisors in transition with a broader array of existing money managers to choose from and the flexibility to add new money managers to accommodate their businesses. The enhanced offering also provides advisors in transition with a wide range of solutions that are designed to streamline the administrative aspects of transitioning their existing managed account business to a new organization so they can continue to focus on building and strengthening client relationships. These capabilities include extensive web-based account tracking and maintenance tools, consolidated quarterly and on-demand performance reporting, and fee billing and payment services.

The solutions are sponsored by Pershing's affiliate, Lockwood Advisors, Inc. (Lockwood) and are a component of Pershing Managed Account Solutions, which encompasses all of the fee-based advisory services available through the Pershing platform. This includes Lockwood's turnkey and customized managed account offerings and industry-leading solutions from third-parties via Pershing's Managed Account Network.

These new solutions are available to RIAs and advisors in transition who associate with an independent registered investment advisory firm that is a customer of Pershing's affiliate, Pershing Advisor Solutions LLC. Investment professionals and advisors in transition associated with an introducing broker-dealer firm that is a customer of Pershing LLC's will be able to access these capabilities this summer.

Jim Seuffert, chief executive officer of Pershing Managed Account Solutions, said, "Many RIAs and advisors in transition have large, established books of managed account business. It is critical that they have access to tools and services that enable them to provide their clients with best-of-breed managed account solutions to help them achieve their financial goals. With Lockwood serving as program sponsor, our platform offers advisors a wide range of best-in-class money managers, the convenience of a bundled fee structure and a comprehensive set of support services, which are designed to help them grow their businesses."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit iliad-solutions.com/

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
9815 views comments | 16 tweets | 28 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
8586 views comments | 6 tweets | 5 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7303 views comments | 8 tweets | 5 linkedin
SEC lures wannabe crypto investors with fake ICO siteSEC lures wannabe crypto investors with fa...
6823 views comments | 7 tweets | 11 linkedin
Fidelity creates virtual reality chatbotFidelity creates virtual reality chatbot
6552 views comments | 6 tweets | 12 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job