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.