BNY Mellon's Pershing today announced the addition of Invesco and Loring Ward as two new third-party model providers on its Managed360 solution. Several enhancements to its existing third-party model provider offerings from Russell Investments and Vanguard were also added to Managed360.
It adds that the expansion of third-party model provider offerings, which include a range of ETF and mutual fund portfolios, is designed to provide financial professionals with a diverse set of strategies to help them meet a broader array of client investment goals.
"We remain committed to expanding the options available to our clients, while being selective about who we bring on to our managed accounts platform," said Joel Hempel, chief operations officer at Lockwood. "These enhancements are designed to equip our clients with a rich and high-quality selection of investment solutions, enabling them to seamlessly develop customised strategies to meet a variety of investor needs and objectives."