February 17, 2017
JERSEY CITY, N.J., February 17, 2017 — BNY Mellon’s Pershing today announced it was awarded the Best New Product for HNW Advisory for its Managed360™ solution, offered by its affiliate Lockwood Advisors, Inc. (Lockwood). The firm was honored at the Private Asset Management (PAM) 2017 Awards, hosted by Private Asset Management magazine this week. Selected by an independent panel of industry experts, the PAM Awards recognize outstanding achievement and client service in the private wealth management industry.
Managed360 is Lockwood’s turnkey solution designed to help financial professionals to strategically scale their managed accounts business. Seamlessly integrated with Pershing’s flagship NetX360® platform, Managed360 offers access to a series of Lockwood-discretionary managed portfolios, including unified managed accounts, traditional and objective based mutual fund/exchange traded fund (ETF) wrap accounts, third-party mutual fund/ETF model solutions, as well as a platform of both research covered and open-architecture separately managed account managers.
“This award highlights our commitment to giving financial professionals innovative products that help them deliver a customized experience to their clients,” said Joel Hempel, chief operating officer of Lockwood. “As managed accounts continue to grow in popularity with high-net-worth investors, Managed360 provides not only the tools to help financial professionals to operate more efficiently, but also the products designed to align with clients’ financial objectives.”
“Competition within PAM’s new products category was high, and included a diverse array of offerings for high-net-worth investors. The judges concluded of all the submissions, Pershing/Lockwood Advisors’ product was both novel and innovative,” said Katherine Goh, editor, Private Asset Management magazine.
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 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, managed account technology and operations 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 more than seven million investor accounts globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. Professionally advised managed accounts are offered through its affiliate, Lockwood Advisors, Inc., which is an investment adviser registered in the United States under the Investment Advisers Act of 1940. 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. As of Dec. 31, 2019, BNY Mellon had $37.1 trillion in assets under custody and/or administration, and $1.9 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.