JERSEY CITY, N.J., April 27, 2017 /PRNewswire/ -- BNY Mellon's
Pershing today announced the addition of Invesco and Loring Ward as
two new third-party model providers on its Managed360®
solution. Several enhancements to its existing third-party model
provider offerings from Russell Investments and Vanguard were also
added to Managed360.
Managed360, offered through Pershing affiliate Lockwood
Advisors, Inc. ("Lockwood"), delivers a streamlined managed
accounts experience, leveraging the power of Pershing's
NetX360® platform to help financial professionals scale
their managed accounts business.
The expansion of third-party model provider offerings, which
include a range of ETF and mutual fund portfolios, is designed to
provide financial professionals with a diverse set of strategies to
help them meet a broader array of client investment goals.
"We remain committed to expanding the options available to our
clients, while being selective about who we bring on to our managed
accounts platform," said Joel
Hempel, chief operations officer at Lockwood. "These
enhancements are designed to equip our clients with a rich and
high-quality selection of investment solutions, enabling them to
seamlessly develop customized strategies to meet a variety of
investor needs and objectives."
Solutions available to financial professionals on Managed360
include a series of Lockwood-discretionary managed portfolios,
including unified managed accounts, traditional and objective-based
mutual fund/exchange-traded fund (ETF) wrap accounts, and
third-party mutual fund/ETF model solutions, as well as a platform
of research covered and open-architecture separately managed
account managers.
Additions to the Managed360 platform include:
New Model Providers:
Invesco: Through its PowerShares ETF portfolios, managed
by Invesco's Global Solutions Development and Implementation team,
Invesco will offer Pershing clients five traditional portfolios
focusing on factor-based investing that span the risk spectrum from
emerging to mass-affluent investors.
Loring Ward: Loring Ward will offer select Pershing
clients its Global Portfolio Series, which are guided by Loring
Ward's Asset Class Investing Philosophy and built with funds from
Dimensional Fund Advisors (DFA). The Global Portfolio Series offers
seven risk-based portfolio models with as many as 10,000 securities
from 45 countries. With overweights toward value, small cap and
profitable equities, the Global Portfolio Series models are
designed for investors who are comfortable with broad
diversification and a multi-factor approach.
Enhancements to Existing Model Providers:
Russell Investments: Russell Investments will add to
Managed360 its Hybrid Model Strategies, which are multi-asset
portfolios designed to provide global and asset class
diversification. The new models feature seven traditional
portfolios that span the risk spectrum targeting mass-affluent to
high-net-worth investors seeking an integration of active, factor
and passive investing strategies.
Vanguard: Vanguard's CRSP model series offered through
Managed360 will increase from six to 11 options, adding additional
allocation options in 10 percent increments to cater to those
looking for more targeted asset allocation models.
To learn more about Pershing's managed accounts solutions,
visit:
http://www.pershing.com/what-we-provide/managed-investments-solutions/.
To learn more about Lockwood, visit: www.lockwoodadvisors.com.
About BNY Mellon's Lockwood Advisors, Inc.
Lockwood
Advisors, Inc. is a leading provider of managed account solutions.
As a program sponsor, Lockwood offers access to some of the
industry's leading investment managers, provides independent
research on separate account managers, and develops advisory
solutions to help investment professionals meet the diverse needs
of their clients. Lockwood also offers discretionary portfolio
management solutions through financial institutions and independent
registered investment advisers. Lockwood Advisors, Inc. is an
investment adviser registered in the
United States under the Investment Advisers Act of 1940, an
affiliate of Pershing LLC and a wholly owned subsidiary of The Bank
of New York Mellon Corporation (BNY Mellon).
About BNY Mellon's Pershing
BNY Mellon's Pershing and
its affiliates provide advisors, broker-dealers, family offices,
hedge fund and '40 Act fund managers, registered investment advisor
firms and wealth managers with a broad suite of global financial
business solutions. Many of the world's most sophisticated and
successful financial services firms rely on Pershing for clearing
and custody, investment and retirement solutions, technology,
enterprise data management, trading services, prime brokerage and
business consulting. Pershing helps clients improve profitability
and drive growth, create capacity and efficiency, attract and
retain talent, and manage risk and regulation. With a network of 23
offices worldwide, Pershing provides business-to-business solutions
to clients representing more than 6 million investor accounts
globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon
company. Additional information is available on www.pershing.com,
or follow us on Twitter @Pershing.
About BNY Mellon
BNY Mellon is a global investments
company dedicated to helping its clients manage and service their
financial assets throughout the investment lifecycle. Whether
providing financial services for institutions, corporations or
individual investors, BNY Mellon delivers informed investment
management and investment services in 35 countries and more than
100 markets. As of March 31, 2017,
BNY Mellon had $30.6 trillion in
assets under custody and/or administration, and $1.7 trillion in assets under management. BNY
Mellon can act as a single point of contact for clients looking to
create, trade, hold, manage, service, distribute or restructure
investments. BNY Mellon is the corporate brand of The Bank of New
York Mellon Corporation (NYSE: BK). Additional information is
available on www.bnymellon.com. Follow us on Twitter @BNYMellon or
visit our newsroom at www.bnymellon.com/newsroom for the latest
company news.
Sanuber Grohe
+1 201 413 2247
sanuberbilguvar.grohe@pershing.com
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SOURCE BNY Mellon