Lockwood Advisors, an affiliate of BNY Mellon-owned Pershing, has enhanced its Lockwood AdvisorFlex Portfolios system with the addition of objectives-based asset allocation models and new analytical tools.

The enhancements include a broader range of portfolio construction and reporting capabilities, 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 version of AdvisorFlex provides Pershing’s introducing broker-dealer and independent registered investment advisor (RIA) clients with access to three new investment strategies and 16 model portfolios with an objectives-based approach which focus on the key phases of the investor’s life, such as the transition into retirement.

AdvisorFlex now also gives its users access to the analytical and reporting tools provided by Morningstar, such as Morningstar Site Builder Portfolio Analysis and Snapshot Reports.