Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, has begun providing its introducing broker-dealer and independent registered investment advisor (RIA) customers with access to a comprehensive performance reporting tool from Black Diamond.
This new tool is accessible through NetX360(TM), Pershing’s technology platform. Black Diamond’s performance reporting solution enables Pershing’s customers to better manage their clients’ investment portfolios. Investment professionals, RIAs and dually registered advisors are able to view a complete portfolio of their clients’ assets, including assets held away from Pershing.
The Black Diamond solution also provides access to a broad array of critical business information and a wide range of cutting-edge functionality directly from within NetX360, such as an intuitive, customizable homepage, flexible reporting levels, daily returns, ad-hoc and batch client report creation, composite reporting and maintenance, cost basis tracking and tax-lot entry and benchmark tracking.
“We continuously strive to provide our customers with access to best-of-breed business and technology solutions that help them grow their businesses, maximize productivity and mitigate risk. The addition of Black Diamond Performance Reporting to our NetX360 platform reflects this commitment and reinforces our firm’s long-standing goal to deliver industry-leading capabilities to our customers to help them achieve their clients’ financial goals,” says Suresh Kumar, chief information officer of Pershing LLC.
“We are pleased to offer our flexible performance reporting solution to Pershing’s customers through the NetX360 platform. We are confident that our robust application will provide investment professionals and RIAs with the capabilities they need to oversee their clients’ investment portfolios in an efficient and effective manner,” says Reed Colley, founder and chief executive officer of Black Diamond Performance Reporting LLC.
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