ORLANDO, Fla., June 4, 2015 /PRNewswire/ -- Pershing LLC, a BNY
Mellon company, today announced the launch of OpportunityView™, a
new solution designed to help advisors and broker-dealers identify
opportunities to increase returns for their clients.
OpportunityView, which is available on Pershing's
NetX360® platform, will use big data analytics to help
advisors more easily determine how specific clients could benefit
from a wide spectrum of investment products. The first generation
of OpportunityView will help advisors identify fully paid
securities lending (FPSL) strategies for qualified investors.
Securities lending is a common strategy used by institutional or
sophisticated investors to generate additional income in their
portfolio by temporarily loaning securities to a financial
institution. In the past, it has been a manual and time-consuming
procedure. With OpportunityView, advisors can now automate and
streamline the process in a single click. The innovative technology
uses big data to equip advisors with account insights, locates the
best securities lending opportunities on a daily basis and matches
them for consideration against every position across all qualified
clients.
"OpportunityView places the power of big data into the hands of
advisors and demonstrates yet another innovative solution being
brought to market by Pershing," said Gerry
Tamburro, head of Pershing Prime Services and Collateral
Funding and Trading. "By providing advisors with the visibility to
quickly spot lending opportunities, OpportunityView gives them
important insights to help their clients earn incremental
revenue."
OpportunityView features intuitive visual and predictive
capabilities that enable advisors to see and scan all
opportunities, including hard-to-borrow securities. The solution
also shows advisors the potential revenue that they can generate
for their clients. By providing advisors with visualizations of all
potential opportunities, it allows them to identify the positions
that offer an attractive return rate for the investor.
Investors who sign up to lend securities will receive a daily
report from their advisors reviewing any activity and income. Since
the program is completely integrated within NetX360, advisors can
easily monitor the number of shares on loan as well as loan values
by client, investment professional or office range. OpportunityView
provides advisor FAQs, comprehensive product information and has
been designed to facilitate easy sign up.
"While it offers investors the benefit of potentially increasing
their returns, OpportunityView also provides value to advisors by
simplifying an otherwise complex process," Tamburro added. "It can
help them to cultivate deeper, richer relationships with their
clients through a well-established, minimal-risk offering that
requires little time and minimal resources."
Pershing plans to add other investment products to
OpportunityView in the year ahead.
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 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.
CONTACT:
Cassandra Osei
+1 551-222-5046
cassandra.osei@pershing.com
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SOURCE BNY Mellon