BNY Mellon’s Pershing Advisor Solutions announced that Managed360®, a turnkey managed account solution designed to help advisers realize increased efficiencies and drive scale, is now available to its clients.
The announcement comes on the heels of the introduction of ManagedConnect™ — a dual contract managed account offering — underscoring Pershing’s commitment to supporting growth in the registered investment advisor (RIA) market.
Managed360 is a wrap program offered through BNY Mellon’s Lockwood Advisors, Inc. (Lockwood), an affiliate of Pershing LLC. The program brings Lockwood’s long history of expertise in managed accounts to Pershing Advisor Solutions clients.
“As investor attitudes and demands change, advisers are increasingly being challenged to define their unique value proposition and investor experience,” said Gabriel Garcia, managing director and head of relationship management at BNY Mellon’s Pershing Advisor Solutions. “In addressing these challenges, solutions that help advisers serve investors more effectively and efficiently are becoming all that more critical to the success and scalability of the business. By bringing Managed360 to our clients, we believe we are filling an important need in the marketplace and further advancing our commitment to delivering advisers an ever broader set of products and solutions.”
Managed360, now available on Pershing Advisor Solutions’ brokerage platform, pairs investment selection, due diligence and comprehensive proposal and reporting capabilities with institutional-quality research delivered by Lockwood and supported by the BNY Mellon Manager Research Group. The program features a diverse set of investment solutions — including separately managed accounts, unified managed accounts, mutual fund wrap accounts and third-party strategists — as well as a faster onboarding process, among other enhanced functionality.
ManagedConnect, launched earlier this year, allows RIAs to design customized portfolios by seamlessly connecting their investors to a wide array of money managers via a flexible, open-architecture managed account platform. The solution currently offers more than 180 strategies from industry leading and boutique SMA money managers.
