ORLANDO, Fla., June 3, 2015 /PRNewswire/ -- At the INSITE™
2015 conference, Pershing LLC, a BNY Mellon company, today
announced the launch of Managed360™, an integrated managed account
solution, available to Pershing clients and offered through
Lockwood Advisors, Inc.1 (Lockwood). Managed360 delivers
a streamlined managed accounts experience, leveraging the power of
Pershing's NetX360® platform, to provide a suite of
tools, research and model portfolios designed to help advisors
strategically scale their managed accounts business.
Through Managed360, advisors can customize solutions to
individual investors' needs and generate robust proposals for
either single or multiple products in minutes. In addition to
time-saving proposal features, the platform offers a broad range of
model portfolios and investment strategies available through
Managed360, including:
- Separately managed accounts with more than 500 different
strategies, from equity to fixed income and unique alternative
strategies
- Fixed mutual fund/ETF wrap, offering a series of multiple-style
portfolios
- Flexible mutual fund/ETF wrap, designed to provide the choice
and flexibility in both portfolio construction and investment
selection
- Unified managed account, offering traditional asset classes and
alternative investments through open-end mutual funds
- A stable of model portfolios from select third-party model
providers, giving access to a spectrum of wealth preservation,
wealth accumulation and retirement mutual fund and ETF
strategies
"Our vision with Managed360 has been to transform the way that
advisors can deliver managed accounts to their clients, using the
power of technology to eliminate redundancies, create efficiencies
and save time," said Joel Hempel,
chief operating officer at Lockwood, an affiliate of Pershing LLC.
"As managed accounts continue to increase in popularity among the
mass affluent, this solution provides advisors with an elegant,
turnkey way to seize this new business opportunity."
With Managed360, advisors can perform core functions and access
critical information seamlessly, without having to toggle between
multiple technology platforms, resulting in greater productivity
and operationally efficiency. The solution offers a number of
advantages for advisors seeking to grow their managed accounts
business, including:
- Investment selection, due diligence and portfolio management
recommendations from Lockwood utilizing institutional quality
research from BNY Mellon Manager Research Group
- Account opening process integrated with the proposal system,
allowing managed account information in the proposal to
systematically feed the brokerage account
- Initiate and monitor service requests within a single
system
- Single billing process and fee reporting for all lines of
business
- Real-time balance access and seamless movement of assets
between accounts
- Entitlement and address changes on a single, unified
platform
- Simplified document management and forms reporting
- The ability to engage in lending through Pershing's
LoanAdvance® solution
A number of influential drivers – including technology-driven
automation, the migration from brokerage relationships to long-term
fiduciary and fee-only arrangements between advisors and clients,
and the growth of the mutual fund wraps business – have led to
increasing demand for managed account offerings.2
"Advisors who are well positioned for this next stage of
evolution will have a real advantage over their competitors, and we
are focused on making it easy for our clients to compete in this
new environment," added John Brett,
head of managed investments at Pershing and chairman of Lockwood.
"At the same time, there is no 'one size fits all' solution when it
comes to managed accounts, so we built our solution with a high
degree of flexibility and choice of options."
To learn more about Managed360 and Pershing's managed accounts
solutions, visit:
https://www.pershing.com/what-we-provide/managed-investments-solutions/.
To learn more about Lockwood, visit: www.lockwoodadvisors.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 5.8 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 Borse, 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 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
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, 2015,
BNY Mellon had $28.5 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, or follow us on Twitter
@BNYMellon.
1 Lockwood Advisors, Inc. (Lockwood) is the sponsor
of Managed360, a wrap fee program. Lockwood is an investment
adviser registered in the United
States under the Investment Advisers Act of 1940. Lockwood
is an affiliate of Pershing LLC (Pershing), each wholly owned
subsidiaries of The Bank of New York Mellon Corporation (BNY
Mellon). Pershing LLC, member FINRA, NYSE, SIPC.
2 The Cerulli Report, U.S. Retail Investor Product
Use, 2013. U.S. retail investor product use estimated by Cerulli.
As a result of the democratization of managed accounts,
broker-dealers and RIA firms will soon have access to nearly 110
million additional households within the middle and mass affluent
markets.
Contact:
Cassandra
Osei
+1 551-222-5046
cassandra.osei@pershing.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/bny-mellons-pershing-introduces-managed360-to-help-advisors-efficiently-grow-their-managed-accounts-business-300093314.html
SOURCE BNY Mellon