Pershing Advisor Solutions LLC, a unit of The Bank
of New York, has launched an account management solution for
the clients of independent RIAs.
The platform, named NetExchange Investor, allows RIAs to provide their clients with real-time access to critical business information about their portfolios and worldwide financial market activity, according to the company.
The platform, which replaces Pershing's PortfolioPoint, offers the following features:
Access to account information, including current and archived trade confirmations, periodic account statements and yearly tax statements
Access to BillSuite, a bill payment and presentment service
Consolidated snapshots of account activity, positions and balances, including anticipated dividend payments and income distributions, and the ability to view related accounts
A real-time view of market indicators, including snapshots of market indices, and information about market movement and the most actively traded stocks
Administrative features such as Microsoft Excel download capabilities and instructional information on the use of Quicken and Microsoft Money.