BNY Mellon’s Pershing Enhances its Lockwood Managed360™ Solution as it Reaches $100 Million Milestone

November 1, 2016

New laddered-bond and risk-efficient portfolios added to turnkey managed account solution

November 1, 2016 - JERSEY CITY, N.J., – Pershing, a BNY Mellon company, today announced that Managed360TM has surpassed $100 million in assets under management following its launch in June 2015 and is enhancing the solution through the addition of new laddered-bond portfolios, and risk-efficient portfolios offered through AlphaSimplex, a new external model provider.

Managed360, available to Pershing clients and offered through Lockwood Advisors, Inc.  (“Lockwood”), an affiliate of Pershing LLC, delivers a streamlined managed accounts experience, leveraging the power of Pershing's NetX360® platform. It is designed to help financial professionals scale their managed accounts business.

“We remain focused on ensuring that our clients have the solutions they need to balance their managed accounts business while simultaneously helping their clients achieve their financial objectives. This includes providing our clients with access to a diverse menu of investment solutions to assist them in managing their clients’ portfolios,” said Joel Hempel, chief operating officer at Lockwood.

Financial professionals can access Lockwood’s investment solutions through Managed360. These solutions include a series of Lockwood-discretionary managed portfolios, including unified managed accounts, traditional and objective based mutual fund/exchange traded fund (ETF) wrap accounts, and third-party mutual fund/ETF model solutions, as well as a platform of both research covered and open-architecture separately managed account managers.

The recent additions to Managed360 include a new external model provider and municipal laddered-bond portfolios, which will enable financial professionals to meet the growing needs of a broader set of market participants ranging from emerging to ultra-high net worth investors. The new third-party providers consist of:

  • AlphaSimplex Risk-Efficient Portfolios (Growth, Moderate and Conservative)

    The Risk-Efficient portfolios from AlphaSimplex feature a highly quantitative and risk-controlled investment process based on the “Adaptive Markets Hypothesis” theory of market behavior by AlphaSimplex’s founder Andrew Lo. These portfolios are designed to look at risk first, keeping investors within their risk tolerances and providing better outcomes for investors over time. These new strategies, incorporated into the Managed360 solution, have a strategic core consisting of approximately one-third “traditional” equity and fixed income mutual funds and one-third liquid alternative mutual funds. In addition, there is a tactical sleeve that consists roughly of one-third ETFs. Mutual funds and alternatives in the portfolios are derived from the Natixis branded family.

  • Nuveen and Lord Abbett (Municipal Laddered Portfolio SMAs)

    For financial professionals seeking to potentially minimize interest-rate risk, increase liquidity and diversify credit risk for clients, Managed360 now offers laddered-bond portfolios from two fixed income managers, Nuveen and Lord Abbett. Included in the portfolios are a series of short, intermediate and long-term muni laddered portfolios, featuring national, state specific and state preference options.

Hempel added, “Our open architecture platform allows us to seamlessly add innovative products to Managed360. We are committed to making additional enhancements as part of our wider efforts to help our clients further customize their experience and target a broad range of market segments, as demonstrated by our recent launch of Lockwood WealthStart  TM Portfolios targeting emerging investors.”

To learn more about Pershing's managed accounts solutions, visit: http://www.pershing.com/what-we-provide/managed-investments-solutions/. To learn more about Lockwood, visit: www.lockwoodadvisors.com .

Lockwood Advisors, Inc.

Lockwood Advisors, Inc. is a leading provider of managed account solutions. As a program sponsor, Lockwood offers access to some of the industry’s leading investment managers, provides independent research on separate account managers, and develops advisory solutions to help investment professionals meet the diverse needs of their clients. Lockwood also offers discretionary portfolio management solutions through financial institutions and independent registered investment advisers. Lockwood Advisors, Inc. is an investment adviser registered in the United States under the Investment Advisers Act of 1940, an affiliate of Pershing LLC and a wholly owned subsidiary of The Bank of New York Mellon Corporation (BNY Mellon).

About BNY Mellon's 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 6 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 Börse, 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 June 30, 2016, BNY Mellon had $29.5 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. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.