PHOENIX, June 12, 2019 /PRNewswire/ -- BNY Mellon's
Pershing ("Pershing") today announced new solutions designed to
help broker-dealers and advisors capitalize on the opportunities in
the fast-growing Latin American market.
Lockwood Offshore Asset Allocation Portfolios, launched today,
will provide investors domiciled in Argentina, Brazil and Mexico with a series of risk-based,
multi-style professionally managed portfolios. Meanwhile, Offshore
Flex, to launch in the fourth quarter, will deliver a flexible
mutual fund program for both fee- and commission-based
environments.
"We see continued growth in offshore assets on our platform,
with the fastest growth coming from Latin
America," said John Ward,
managing director of global client relationships at Pershing.
"Industry consolidation, an inflow of new advisors to independent
broker-dealers, and increased investor allocation to investments
outside of domestic markets are creating new opportunities for our
clients. Whether it's implementing new solutions, or supporting
them as they adapt to industry changes, our goal is to continue our
commitment to clients in this important market."
Latin American assets on the Pershing platform have grown more
than 35 percent since 2016, reaching more than $90 billion in April
2019.
Bringing managed accounts to Latin American investors:
Lockwood Offshore Asset Allocation Portfolios
Recognizing the need for managed accounts in the Latin American
market, Pershing has significantly enhanced its managed account
solutions platform, which can now support the execution and
allocation of offshore exchange-traded funds (ETFs), as well as
models that include offshore ETFs and mutual funds. Built on
this enhanced platform the Lockwood Offshore Asset Allocation
Portfolios include a combination of ETFs and mutual funds,
offering 11 core models designed for investors with different risk
tolerance levels.
"Latin American investors continue to allocate a significant
portion of their investments to domestic fixed income vehicles,"
said Joel Hempel, chief operating
officer of Lockwood at BNY Mellon's Pershing. "Our professionally
managed portfolios will bring investors in this market a
sophisticated solution designed to help them improve global
diversification and portfolio risk management."
Lockwood Offshore Asset Allocation Portfolios will be available
to Pershing's U.S.-based broker-dealer and advisory clients serving
Latin American investors1, helping them achieve:
- Efficiency by capitalizing on an active-passive blend
philosophy to create portfolios that can serve as the core of an
investor's portfolio.
- Discipline by leveraging a disciplined investment
approach to help stay the course during short-term market
disruptions and designed to deliver more consistent results over
the long term.
- Risk management by ongoing monitoring and periodic
rebalancing to help keep investor portfolios aligned with targeted
risk and return objectives through changing market conditions.
The Lockwood Offshore Asset Allocation Portfolios employ an
institutional investment approach that seeks to deliver consistent,
risk-controlled returns over the long-term and are managed on a
fully discretionary basis.
Announcing a new mutual fund program: Offshore
Flex
BNY Mellon's Pershing also announced today that it will
be launching a new mutual fund program for Latin American investors
in the fourth quarter of 2019. The program will feature offshore
funds from different fund families and offer a flexible approach
that will complement fee-only, fee-based and commission-based
brokerage environments. Offshore Flex will not have program
minimums or short-term holding periods, nor will it have any ticket
charges—allowing more money to work within the investment and
reducing the cost of doing business for the advisor.
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
offices worldwide, Pershing provides business-to-business solutions
to clients representing approximately 7 million investor accounts
globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon
company. Additional information is available on pershing.com,
or follow us on Twitter @Pershing. Professionally managed
investment advisory services are provided by Lockwood Advisors,
Inc. (Lockwood), a Pershing affiliate and an investment adviser
registered in the United States
under the Investment Advisers Act of 1940.
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. As of March 31, 2018, BNY Mellon had
$33.5 trillion in assets under
custody and/or administration, and $1.9
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.
1 In Argentina,
Brazil, and Mexico. Not available to residents of
the United States.
Sanuber Grohe
+1 201 413 2247
sanuberbilguvar.grohe@pershing.com
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SOURCE BNY Mellon