Asset Management
Pershing Expands Its Managed-Investment Program
Pershing has added more portfolio-building and reporting capabilities to its 18-month-old Lockwood AdvisorFlex Portfolios a unified managed account (UMA) program. The upshot is that broker-dealers and RIAs that clear trades or custody assets through Pershing get access to three additional investment strategies and 16 model portfolios developed with an objectives-based approach to end-client service in mind.
UMAs are single-account portfolios that typically combine
separately managed accounts, mutual funds and ETFs and provide
unified reporting as well as tax-management and other
customization capabilities.
The new strategies and portfolios on offer through
Pershing's AdvisorFlex program focus on life-cycle phases such
as
wealth accumulation, retirement transitions and income
distribution. Advisors can select from among the program's
primary investment selections or pick from a
pre-screened option menu that features 65 mutual funds and 65
exchange-traded funds across 18 different investment-style
categories. The new-look AdvisorFlex also gives Pershing’s
institutional clients access analytical and reporting tools from
Morningstar including its Site Builder portfolio analyzer and
portfolio-reporting engine.
“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, says Jim Seuffert, head of
Pershing Managed Account Solutions. "Our customers [will be
able] to provide their clients with an even broader array
of choices to help them achieve their long-term financial
goals.”
Jersey City, N.J.-based is a subsidiary of Bank of New York
Mellon.