LPL Introduces New Online Portfolio Management System
Linsco/Private Ledger (LPL) has introduced a new online portfolio management system, Portfolio Manager.
Portfolio Manager provides LPL representatives with advanced performance reporting on brokerage and advisory accounts, account grouping and the capability to add and report on assets held outside of LPL.
"We learned that our representatives were challenged with getting a whole picture of their clients‚ holdings–not just those at LPL, but all holdings–to see how they are doing with their investments," said Esther Stearns, managing director and chief information officer for LPL. "To solve their challenge, we created an online portfolio management tool that will be completely integrated into our core operational technology, BranchNet."
Portfolio Manager‚s advanced graphics allows representatives to demonstrate their clients‚ performance using sophisticated illustrations, including eight new client-approved reports.
"Now, representatives can go from processing a trade or opening a new account to quickly generating a consolidated report to tell their clients just how they are doing," said Stearns.
With more than 25% of LPL representatives subscribing to Portfolio Manager prior to its release, the tool is being adopted faster than any other LPL technology release to date.
Headquartered in Boston and San Diego, LPL provides services and support to more than 5,000 investment professionals in branch offices throughout the United States. For additional information about LPL, visit www.lpl.com or call (888) 564-6575, ext. 6555.
Pioneer Launches Global Fund
Pioneer Investment Management Inc., based in Boston, has launched Pioneer Global High Yield Fund, an open-end fund with exposure to the U.S. and international high-yield markets and emerging market bonds. The fund, which seeks to maximize total return through a combination of income and capital appreciation, invests primarily in below-investment-grade bonds.
Pioneer‚s fixed-income team, led by Ken Taubes, senior vice president and U.S. director of fixed income investments, manages the fund.
For information on Pioneer funds, call the firm at (800) 225-6292.