The independent registered investment advisor (RIA) customers of Pershing Advisor Solutions LLC, a subsidiary of The Bank of New York Mellon Corporation, now have access to a broader array of fixed income investment choices to help them achieve their clients’ long-term financial goals.
These enhanced capabilities are being offered to RIAs through BondWave Advisors’ Program Portfolios(TM) application. BondWave Advisors is a division of BondWave LLC, a provider of solutions to the fixed income markets.
BondWave Advisors’ Program Portfolios tool enables Pershing’s RIA customers to create and manage individual fixed income accounts for their clients using a model-based investment strategy. RIAs have the ability to white-label the offering and maintain control of their clients’ assets while continuing to direct the entire investment process.
These activities include strategy selection, portfolio monitoring services, customized electronic messaging and reporting. Program Portfolios provides Pershing Advisor Solutions’ RIA customers with the underlying investment methodologies and technical platform to support this unique fixed income investment approach.
“We continuously explore opportunities to provide our customers with innovative capabilities and business solutions to help them enhance their efficiency, productivity and the quality of service they deliver to their clients,” says Mark Tibergien, chief executive officer, Pershing Advisor Solutions. “The introduction of Program Portfolios underscores our continued commitment to provide RIAs with a broad array of robust global trading solutions that will help them grow their businesses.”
“Program Portfolios provides RIAs with a turnkey portfolio management solution that helps ease the complexities of managing their clients’ fixed income investment portfolios,” says Russ Graham, chief executive officer, BondWave LLC. “We are pleased to have the opportunity to work closely with Pershing and are confident that the suite of capabilities and resources offered through Program Portfolios will enable Pershing’s RIA customers to better manage their clients’ fixed income holdings in a more efficient and effective manner.”
L.D.