Pershing Expands Fixed-Income Capabilities for RIAs

Pershing Advisor Solutions announced that its registered investment adviser (RIA) customers now have access to a broader array of fixed-income investment choices.

The enhanced capabilities are being offered to RIAs through BondWave Advisors’ Program Portfolios solution, according to a press release. BondWave Advisors is a division of BondWave, a provider of solutions to the fixed-income markets. Pershing is a subsidiary of The Bank of New York Mellon Corporation.

BondWave Advisors’ Program Portfolios solution enables Pershing’s RIA customers to create and manage individual fixed-income accounts for their clients using a model-based investment strategy. RIAs have the ability to white-label the offering and maintain control of their clients’ assets, while continuing to direct the entire investment process, Pershing said.

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Those activities include strategy selection, portfolio monitoring services, customized electronic messaging, and reporting. Program Portfolios provides the underlying investment methodologies and technical platform to support the fixed-income investment approach.

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