BNY Mellon's Pershing Unit Announces Enhanced Lockwood AdvisorFlex Portfolios(TM) Solution With Objectives-Based Asset Allocatio
September 21 2009 - 9:00AM
PR Newswire (US)
MALVERN, Pa., Sept. 21 /PRNewswire-FirstCall/ -- Pershing LLC, a
BNY Mellon company, announced today that its affiliate, Lockwood
Advisors, Inc. (Lockwood) has enhanced its Lockwood AdvisorFlex
Portfolios(TM) (AdvisorFlex) solution for Pershing's introducing
broker-dealer and independent registered investment advisor (RIA)
customers. AdvisorFlex now offers a broader range of portfolio
construction and reporting solutions, including objectives-based
asset allocation strategies, an expanded suite of investment
selections and new analytical tools designed to provide increased
transparency around portfolio holdings. The enhanced solution
provides Pershing's customers with access to three new investment
strategies and 16 unique model portfolios developed with an
objectives-based approach. These strategies and investment
portfolios focus on critical stages of an investor's life cycle,
including wealth accumulation, the transition into retirement and
the management and distribution of income. Investment professionals
and RIAs can choose from among Lockwood's primary investment
selections or have the flexibility to choose from an expanded list
of 130 pre-screened options that consists of 65 mutual funds and 65
exchange-traded funds across 18 different investment-style
categories. The enhancements to AdvisorFlex also enable Pershing's
customers to access an array of analytical and reporting tools from
Morningstar, Inc., including its well-known Morningstar Site
Builder(SM) Portfolio Analysis and Morningstar Site Builder(SM)
Snapshot Reports, to assist them with investment selection,
management and reporting. Lockwood's objectives-based approach is
designed to help reduce mismatch error when developing an
investment portfolio to meet an investor's needs. A detailed
discussion of the differences between traditional and
objectives-based investing is provided in a new white paper
authored by Lockwood titled, "The Case for Objectives-Based
Investing: Building a Defensively Oriented Portfolio." A copy of
the white paper can be found by visiting http://www.pershing.com/.
Don Marchesiello, director of research at Lockwood Advisors, added,
"Our new objectives-based asset allocation philosophy, the
cornerstone of the AdvisorFlex Portfolios offering, is an
innovative approach to active portfolio management. This
methodology, which focuses on the rate of return investors need to
earn in order to achieve their specific financial objectives, is
designed to help our customers' clients whether they are in the
wealth accumulation, transition or distribution phase of their
lives." Jim Seuffert, chief executive officer of Pershing Managed
Account Solutions, said, "Our expanded suite of investment
selections and analytical tools available through AdvisorFlex is
designed to offer investment professionals and RIAs a highly
disciplined portfolio construction and management process. The
enhanced solution will enable our customers to provide their
clients with an even broader array of choices to help them achieve
their long-term financial goals." Pershing Managed Account
Solutions provides introducing broker-dealer firms, investment
professionals and independent registered investment advisors with
access to a comprehensive suite of managed account solutions and
services. It encompasses all of the fee-based advisory services
available through the Pershing platform, including Lockwood's
turnkey and customized managed account offerings and
industry-leading solutions from third-parties via Pershing's
Managed Account Network. Lockwood Advisors, Inc. is a leading
provider of fee-based managed account solutions to financial
institutions and registered investment advisors. 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
Advisors, Inc. is an SEC registered investment advisor and an
affiliate of Pershing LLC. Pershing LLC (member FINRA/NYSE/SIPC) 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 approximately five million active investors. Located in
20 offices worldwide, Pershing and its affiliates are committed to
delivering dependable operational support, robust trading services,
flexible technology, an expansive array of investment solutions,
practice management support and service excellence. Pershing 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 BNY Mellon company. Additional information is available at
http://www.pershing.com/. BNY Mellon is the corporate brand of The
Bank of New York Mellon Corporation. BNY Mellon is a global
financial services company focused on helping clients manage and
service their financial assets, operating in 34 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, clearing
services and treasury services through a worldwide client-focused
team. It has $20.7 trillion in assets under custody and
administration, $926 billion in assets under management, services
$11.8 trillion in outstanding debt and processes global payments
averaging $1.8 trillion per day. Additional information is
available at http://www.bnymellon.com/. DATASOURCE: BNY Mellon
CONTACT: Michael Geller of BNY Mellon, +1-201-413-4179, Web Site:
http://www.bnymellon.com/ http://www.pershing.com/
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