JERSEY CITY, N.J., Aug. 3, 2015 /PRNewswire/ -- Albridge, an
affiliate of Pershing LLC, a BNY Mellon company, today announced
that its Albridge Wealth Reporting (AWR) solution was selected for
inclusion in LPL Financial's Vendor Affinity Program. AWR's
cloud-based performance reporting solution provides advisors a
single view of all of their clients' assets and access to portfolio
performance, business analytics and client performance reports
on-demand.
LPL's Vendor Affinity Program is a new initiative designed to
help advisors reduce the complexity and costs of running their
businesses. The program creates a centralized repository of vendors
who have been reviewed and selected by LPL.
"We are eager to bring our award-winning Albridge Wealth
Reporting to the largest organization of financial advisors in the
US," said Marc Butler, managing
director at Albridge. "Consolidated wealth reporting is an integral
part of a wealth management business and our solution allows
advisors to give investors their complete financial picture.
Through our single sign-on interface, we have strong integrations
with nearly 50 of the leading technology solutions in the
marketplace. This provides access to a single source of consistent
data, which can help firms meet compliance and regulatory
requirements."
Using AWR, advisors can analyze and report investor performance
on-demand at the individual holding, asset class, account or
household levels for any time period. The platform also offers
presentation, reporting, workflow, and analytics that are the
result of extensive research, dialogue and testing with the
broker-dealer and advisor communities.
"We recognize that technology is a major contributor to creating
increased efficiency and driving greater productivity in our
clients' businesses," said Victor
Fetter, managing director and chief information officer at
LPL Financial. "Being able to connect LPL clients with leading
technology solution providers such as Albridge adds a new dimension
to the level of service and support we can provide to clients to
help them manage and grow their businesses."
AWR enables advisors to:
- Consolidate client information from multiple custodians and
financial providers
- Configure client reports on demand for asset allocation,
holdings, benchmarking, cost basis and more
- Connect to their critical business applications, such as CRM,
and leverage a single source of data
- Calculate performance using either dollar-weighted or
time-weighted returns
- Maintain consistency of data across integrated solutions to
help meet compliance and regulatory requirements
For more information visit www.albridge.com.
About Albridge
Albridge, an affiliate of Pershing LLC, is a leading provider of
enterprise data management solutions that deliver a single view of
an investor's broad range of assets. Our proprietary technology
consolidates and reconciles client account and transaction data
from hundreds of data sources representing banking, brokerage,
insurance, retirement, managed accounts and more. Albridge
processes this cleansed data and uses it to power a variety of
downstream technology solutions, including performance reporting,
sales practice monitoring, data warehousing, business intelligence,
imaging and workflow. Albridge provides the foundation for
financial organizations to leverage a single source of information
to power a number of mission critical technology applications.
Additional information is available at albridge.com.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial
Holdings Inc. (NASDAQ:LPLA), is a leader in the financial advice
market and serves $485 billion in
retail assets. The Company provides proprietary technology,
comprehensive clearing and compliance services, practice management
programs and training, and independent research to more than 14,000
independent financial advisors and more than
700 banks and credit unions. LPL Financial is the nation's
largest independent broker-dealer since 1996 (based on total
revenues, Financial Planning magazine, June 1996-2015), is one of
the fastest growing RIA custodians with $105
billion in retail assets served, and acts as an independent
consultant to over an estimated 40,000 retirement plans with an
estimated $120 billion in retirement
plan assets served, as of March 31,
2015. In addition, LPL Financial supports approximately
4,300 financial advisors licensed with insurance companies by
providing customized clearing, advisory platforms, and technology
solutions. LPL Financial and its affiliates have 3,352 employees
with primary offices in Boston,
Charlotte, and San Diego. For more
information, please visit www.lpl.com.
About Pershing
Pershing and its affiliates provide global financial business
solutions to advisors, asset managers, broker-dealers, family
offices, registered investment advisor firms and wealth managers. A
financial services firm located in 23 offices worldwide, Pershing
provides business-to-business solutions to clients representing 6
million active investor accounts on the U.S. platform. Pershing
affiliates are members of every major U.S. securities exchange, and
its international affiliates are members of the Deutsche Börse,
Australian Stock Exchange, Irish Stock Exchange, London Stock
Exchange and Toronto Stock Exchange. Pershing LLC (member
FINRA/NYSE/SIPC) is a BNY Mellon company. Additional information is
available on 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 June 30, 2015, BNY Mellon had $28.6 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.
Contact:
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Cassandra
Osei
|
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201-413-3394
|
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cassandra.osei@pershing.com
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SOURCE BNY Mellon