The Bank of New York Mellon's Pershing Unit to Provide Customers with Comprehensive Suite of Fixed Income Portfolio Solutions
September 25 2007 - 9:00AM
PR Newswire (US)
JERSEY CITY, N.J., Sept. 25 /PRNewswire-FirstCall/ -- Pershing LLC,
a subsidiary of The Bank of New York Mellon, has launched Fixed
Income Portfolio Solutions, a comprehensive suite of tools and
sophisticated portfolio analytics. This new offering will enable
Pershing's team of highly experienced fixed income specialists to
help investment professionals and independent registered investment
advisors (RIAs) provide their clients with proactive and actionable
strategies, and will help them to better manage their clients'
fixed income portfolios. Fixed Income Portfolio Solutions is
powered by BondWave LLC, a leading provider of solutions to the
fixed income markets. Through Fixed Income Portfolio Solutions,
Pershing's fixed income specialists utilize an array of scalable,
automated tools to provide customers with client-specific fixed
income support, customized model-based portfolio ideas, trade
opportunity mining, graphical proposals and timely analysis. These
new capabilities are available to introducing broker-dealer firms
through Pershing LLC and to RIAs through Pershing's affiliate,
Pershing Advisor Solutions LLC. Key features of Fixed Income
Portfolio Solutions include: * The delivery of proactive alerts and
alternatives for replacement bonds through Items for Attention
(IFA) in NetExchange Pro(R) and NetExchange Advisor(R) when changes
occur in a client's fixed income portfolio due to corporate
actions, bond rating changes or bonds maturing; * Detailed reports
and proposals which provide investment professionals and RIAs with
a complete picture of their clients' fixed income portfolios,
including itemized holdings, cash flow reports, shock analysis,
fixed income allocation breakout, new cash proposals and
repositioning proposals; * Extensive tax swap analytics, including
alternative minimum tax (AMT), out-of-state municipal bonds and
pre-refunded municipal bonds; and * The ability to construct or
rebalance customized portfolios using proprietary models. The
introduction of Fixed Income Portfolio Solutions further enhances
Pershing's ability to provide its customers and their clients with
a wide range of robust trading services, which include equity and
fixed income trading, international trading, flexible cutting-edge
technology, operational support and best execution. Craig
Messinger, managing director of trading services at Pershing, said,
"As a leading provider of an extensive range of trading services to
the global capital markets, we are committed to developing and
delivering best-of-breed products and solutions. The suite of
capabilities and resources offered through Fixed Income Portfolio
Solutions will provide investment professionals and RIAs with
innovative tools and analytics to help them manage their clients'
fixed income holdings and portfolios more efficiently and
effectively." Pershing LLC is a leading global provider of
financial business solutions to more than 1,150 institutional and
retail financial organizations and independent registered
investment advisors who collectively represent over five million
active investors. Located in 19 offices worldwide, Pershing is
committed to service excellence and to providing dependable
operational support, robust trading services, flexible technology,
an expansive array of investment solutions and practice management
support. Pershing (member FINRA/NYSE/SIPC) is a member of every
major U.S. securities exchange and its international affiliates are
members of the Deutsche Borse, the Irish Stock Exchange and the
London Stock Exchange. Pershing LLC is a subsidiary of The Bank of
New York Mellon Corporation. Additional information is available at
http://www.pershing.com/. Pershing Advisor Solutions LLC (member
FINRA/SIPC) is an affiliate of Pershing LLC and a leading provider
of financial business solutions to independent, fee-based
registered investment advisors and dually-registered advisors
working in conjunction with many of Pershing LLC's introducing
broker-dealer customers. Additional information is available at
http://www.pershingadvisorsolutions.com/. The Bank of New York
Mellon Corporation is a global financial services company focused
on helping clients manage and move their financial assets,
operating in 37 countries and serving more than 100 markets. The
company is a leading provider of financial services for
institutions, corporations and high-net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services and treasury services through a
worldwide client-focused team. It has more than $20 trillion in
assets under custody and administration and more than $1 trillion
in assets under management. Additional information is available at
http://www.bnymellon.com/. DATASOURCE: The Bank of New York Mellon
Corporation CONTACT: Barbara Gallo, +1-201-413-2930, Web site:
http://www.bnymellon.com/ http://www.pershing.com/
http://www.pershingadvisorsolutions.com/
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