Pershing Announces the Next Generation of its Block Trading and Rebalancing Tool for Advisor-Directed Programs

July 9, 2014

Streamlined features bring advisors a new level of scalability, operational efficiency and transparency

JERSEY CITY, N.J. - Pershing LLC, a BNY Mellon company, today announced the next generation of its block trading and rebalancing tool—delivered through its technology platform NetX360®—which offers a series of new capabilities for advisors. The improvements will enable advisors to run drift reports at the household level, create models of models and utilize a new cash rebalancing feature. It will also allow advisors to take advantage of an improved restriction management module that provides a holistic review of all restrictions for an advisor’s business. With these improved features, the tool continues to deliver a full array of functionality to help improve transparency, minimize errors and improve advisor efficiency.

“This enhanced, advisor-centric tool is one of many steps we have taken toward delivering the most flexible and efficient capabilities necessary for success in the advisor-directed space,” said John Brett, managing director and head of managed investments at Pershing. “The new features of the block trading and rebalancing tool reduce the time spent on portfolio trading and rebalancing from hours to minutes, allowing advisors to focus on strategic analysis and dedicate time needed to drive client growth.”

The tool, powered by FolioDynamix, allows advisors to maintain models, rebalance an unlimited number of accounts, add/trim security positions, liquidate accounts and/or process security replacements, in a transparent environment. This functionality applies to a variety of securities including equities, options, mutual funds and fixed income. Prior to execution, Pershing validates all allocations against its Rules Engine™ to ensure all orders are compliant with the rules set by the introducing broker-dealer/advisor, which eliminates post-trade correction. Also included in the Rules Engine validation are mutual fund order checks, such as fund cut-off times, fund minimums and short-term redemption fees.

Firms can be fully operational and using the updated tool in fewer than two weeks. Home offices and advisors have access to a dedicated Pershing support team to assist with onboarding.
Additional features of the block trading and rebalancing tool include:

     • Automatic creation of block orders
     • Real-time allocations
     • Positions and balance updates
     • Trailing stop orders

Since its launch in 2010, Pershing’s block trading and rebalancing tool has experienced significant growth, supporting over 5,000 advisors and over 1.1 million accounts, as of March 31, 2014. Its steady year-over-year growth can be attributed to the increasing demands of today’s advisors who seek more fully integrated account management tools, as well as the market trending more toward the advisor-directed segment.

About BNY Mellon's Pershing

BNY Mellon’s Pershing and its affiliates provide advisors, broker-dealers, family offices, hedge fund and ’40 Act fund managers, registered investment advisor firms and wealth managers with a broad suite of global financial business solutions. Many of the world’s most sophisticated and successful financial services firms rely on Pershing for clearing and custody, investment and retirement solutions, technology, enterprise data management, trading services, prime brokerage and business consulting.

Pershing helps clients improve profitability and drive growth, create capacity and efficiency, attract and retain talent, and manage risk and regulation. With a network of offices worldwide, Pershing provides business-to-business solutions to clients representing approximately 7 million investor accounts globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. Additional information is available on, 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. As of June 30, 2019, BNY Mellon had $35.5 trillion in assets under custody and/or administration, and $1.8 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 Follow us on Twitter @BNYMellon or visit our newsroom at for the latest company news.