BNY Mellon’s Pershing Expands Third-Party Model Providers Available on Managed Accounts Solution

April 27, 2017

JERSEY CITY, N.J., April 27, 2017— BNY Mellon's Pershing today announced the addition of Invesco and Loring Ward as two new third-party model providers on its Managed360® solution. Several enhancements to its existing third-party model provider offerings from Russell Investments and Vanguard were also added to Managed360.

Managed360, offered through Pershing affiliate Lockwood Advisors, Inc. ("Lockwood"), delivers a streamlined managed accounts experience, leveraging the power of Pershing's NetX360® platform to help financial professionals scale their managed accounts business.

The expansion of third-party model provider offerings, which include a range of ETF and mutual fund portfolios, is designed to provide financial professionals with a diverse set of strategies to help them meet a broader array of client investment goals.

"We remain committed to expanding the options available to our clients, while being selective about who we bring on to our managed accounts platform," said Joel Hempel, chief operations officer at Lockwood. "These enhancements are designed to equip our clients with a rich and high-quality selection of investment solutions, enabling them to seamlessly develop customized strategies to meet a variety of investor needs and objectives."

Solutions available to financial professionals on Managed360 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 research covered and open-architecture separately managed account managers.

Additions to the Managed360 platform include:

New Model Providers

Invesco: Through its PowerShares ETF portfolios, managed by Invesco's Global Solutions Development and Implementation team, Invesco will offer Pershing clients five traditional portfolios focusing on factor-based investing that span the risk spectrum from emerging to mass-affluent investors.

Loring Ward: Loring Ward will offer select Pershing clients its Global Portfolio Series, which are guided by Loring Ward's Asset Class Investing Philosophy and built with funds from Dimensional Fund Advisors (DFA). The Global Portfolio Series offers seven risk-based portfolio models with as many as 10,000 securities from 45 countries. With overweights toward value, small cap and profitable equities, the Global Portfolio Series models are designed for investors who are comfortable with broad diversification and a multi-factor approach.

Enhancements to Existing Model Providers:

Russell Investments: Russell Investments will add to Managed360 its Hybrid Model Strategies, which are multi-asset portfolios designed to provide global and asset class diversification. The new models feature seven traditional portfolios that span the risk spectrum targeting mass-affluent to high-net-worth investors seeking an integration of active, factor and passive investing strategies.

Vanguard: Vanguard's CRSP model series offered through Managed360 will increase from six to 11 options, adding additional allocation options in 10 percent increments to cater to those looking for more targeted asset allocation models.

To learn more about Pershing's managed accounts solutions, visit: To learn more about Lockwood, visit:

About BNY Mellon’s 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

BNY Mellon’s Pershing is a leading provider of clearing and custody services. We are uniquely positioned to help complex financial services firms transform their businesses, drive growth, maximize efficiency, and manage risk and regulation.

Wealth management and institutional firms outsource to us for trading and settlement services, investment solutions, bank and brokerage custody, middle and back office support, data insights, and business consulting.

Pershing brings together high-touch service, an open digital platform and the BNY Mellon enterprise to deliver a differentiated experience for every client.

Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. With offices around the world, Pershing has over $2 trillion in assets and millions of investor accounts. Pershing affiliates include Albridge Solutions, Inc. and Lockwood Advisors, Inc., an investment adviser registered in the United States under the Investment Advisers Act of 1940. Additional information is available on, or follow us on LinkedIn or 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 and wealth management and investment services in 35 countries. As of June 30, 2021, BNY Mellon had $45.0 trillion in assets under custody and/or administration, and $2.3 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.