The Pershing Advisor Solutions unit of The Bank of New York Company, Inc. has enhanced NetExchange Advisor, its online brokerage platform for independent registered investment advisors.
The enhanced version of NetExchange Advisor includes a management fee calculator tool that enables independent registered investment advisors to maintain customisable fee schedules that can be applied to individual accounts ora group of accounts. Advisors can create a range of fee schedule options for different asset classes, automatically calculate management fees and generate statements for delivery to their clients.
Independent registered investment advisors now also have the ability to initiate and monitor Fed Fund and check withdrawals for retail and retirement accounts online, and will benefit from improved navigation capabilities enabling them to efficiently retrieve clients’ critical account information.
“The enhancements are part of Pershing Advisor Solutions’ ongoing commitment to deliver innovative products, services and technology solutions that meet the unique needs of independent registered investment advisors and the clients they serve,” says John Iachello, the MD at Pershing Advisor Solutions. “We will continue to develop our product offering to help our customers achieve their financial goals.”