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 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 pershing.com, 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 www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.