Pershing, a part of The Bank of New York Mellon, has announced that its affiliate, Lockwood Advisors has improved its Lockwood AdvisorFlex Portfolios (AdvisorFlex) solution for its introducing broker-dealer and independent registered investment advisor (RIA) customers.
Reportedly, AdvisorFlex now offers a 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 transparency around portfolio holdings.
According to the Pershing, the improved solution provides its customers with access to three new investment strategies and 16 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.
The Pershing has said that investment professionals and RIAs can choose from 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. Additionally, it has added that the improvement to AdvisorFlex also enable Pershing’s customers to access an array of analytical and reporting tools from Morningstar, including its Morningstar Site Builder Portfolio Analysis and Morningstar Site Builder Snapshot Reports, to assist them with investment selection, management and reporting.
Don Marchesiello, director of research at Lockwood Advisors, said: “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, CEO of managed account solutions at Pershing, 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.”
