Managed Account Solutions
If you are looking for maximum flexibility in managed accounts, you can turn to Pershing Advisor Solutions for access to one of the industry’s most comprehensive offerings. Available through Pershing LLC's affiliate, Lockwood Advisors, Inc.1 (Lockwood), or one of our strategic third-party providers, the offering spans the managed account spectrum from an open-architecture, dual-contract solution to fully outsourced, single contract, turnkey platforms.
This array of managed account solutions is designed to help meet your needs, now and in the future—whether you want to consolidate existing manager relationships on a single platform, get your wealth management practice up and running quickly or make the transition from a commission- to fee-based business model.
Whether your firm is an established wealth manager or a new entrepreneurial venture, you can choose from three distinct managed account solutions:
- Dual-Contract Program: Learn More
If you are a wealth manager seeking the combined flexibility of a customized, open-architecture managed account program with the operational support of a wrap account program, our Dual-Contract Program can support virtually any money manager. This integrated offering gives you the freedom to maintain certain processes such as manager research, due diligence and performance reporting in-house, while our managed account professionals take on the operational tasks involved in servicing accounts. The Dual-Contract Program is designed for wealth managers who wish to maintain the maximum amount of control over a managed account program.
- RIA-Sponsored Program: Learn More
If you are an advisor in transition or interested in expanding your managed account business, the RIA-Sponsored program allows you to act as the program sponsor and provides access to packaged advisor-directed and discretionary mutual fund/exchange-traded fund advisory accounts, a unified managed account offering, and your choice from a list of available separate account managers, with either bundled or à la carte support services.
This integrated program is designed for advisors who wish to deliver a combination of managed account products, customize a roster of money managers, negotiate fees and account minimums with money managers, and enter into advisory agreements directly with clients.
- Turnkey Asset Management Provider (TAMPs) Program: Learn More
If you are an advisor in transition or interested in expanding your managed account business through a fully outsourced solution, you can choose to partner with a firm from our select network of TAMPs, including our affiliate Lockwood. These firms provide access to a variety of managed account solutions that are designed to relieve you of time-consuming account servicing and portfolio management tasks so you can focus on growing your business.
The Lockwood-Sponsored Program is a single-contract, turnkey solution, which offers access to a selection of leading money managers, as well as optional access to independent research on a subset of available managers. In this offering, Lockwood serves as the program sponsor and, in addition to flexible separately managed accounts, customers may choose to access discretionary mutual fund/ETF wrap accounts, discretionary unified managed accounts as well as flexible advisor-directed mutual fund/ETF wrap accounts, with either bundled or à la carte support services. In addition to Lockwood’s history of managed account innovation, customers may benefit from the additional depth and global knowledge that has been established through a strategic partnership between Lockwood and BNY Mellon’s investment management team. The partnership allows Lockwood to leverage BNY Mellon’s capital market assumptions and investment strength and is ultimately designed to enhance its ability to manage portfolios.
This integrated program is designed for advisors who wish to deliver a combination of managed account products and who want access to a growing roster of money managers with pre-negotiated manager agreements and who are willing to have their clients enter into advisory agreements with a third-party program sponsor.
The TAMPs available include:
Clark Capital Management Group
Concord Wealth Management
The Elements Financial Group
Envestnet Asset Management
FundQuest Incorporated
Genworth Financial Wealth Management
Hanlon Investment Management
Lockwood Advisors, Inc.
Madison Asset Management
Portfolio Design Advisors
Sterling Capital Management
WBI Investments
Integrated Technology Solutions
Advisors who are supported by a fully integrated technology environment spend 52% of their time with clients, or about 50% more time than the typical advisor2.
As a Pershing Advisor Solutions customer, you can consolidate your managed account assets on NetX360®—our groundbreaking advisor platform—and create an integrated environment to help deliver superior client service. You can increase the efficiency and transparency of your managed account processes with tools to track the status of your requests until completion. NetX360 connects seamlessly to your existing environment, including the Client Relationship Management (CRM), billing and portfolio management systems of your choice.
1. Lockwood Advisors, Inc. is an SEC Registered Investment Adviser and an affiliate of Pershing LLC, each subsidiaries of The Bank of New York Mellon Corporation. Pershing LLC, member FINRA, NYSE, SIPC. SEC registration neither implies nor asserts the SEC or any state securities authority has approved or endorsed Lockwood or the contents of this disclosure. In addition, SEC registration does not carry any official imprimatur or indication Lockwood has attained a particular level of skill or ability.
2. Source: "Registered Investment Advisors: The State of Technology and Its Impact on Advisor Efficiency" Aite Group, July 2008
Contact us today to learn how we can support your separately managed accounts.
Gain unparalleled support for all your separately managed accounts with our open-architecture Managed Account Direct™ platform.