Products March 6, 2007

Dedicated DB Offers Advisers a New Plan Design Tool

Financial advisers looking to offer small business owners a defined benefit plan have a new resource.
Reported by
San Francisco-based Dedicated Defined Benefit Services is a new company focused exclusively on helping advisers and financial institutions offer small defined benefit plans.
Dedicated DB offers integrated online marketing, sales support and plan administration, giving advisers a turnkey solution for clients looking to implement a defined benefit plan. The firm offers a private label solution for the institutional market to financial services companies such as The Hartford, Oppenheimer Funds and Pioneer Investments.
Advisers can use the firm’s Web-based proposal generator to create detailed client proposals and can also turn to Dedicated DB’s experts, available by phone, for technical sales support.
Dedicated DB’s product has an open architecture investment model allowing for equities, mutual funds, fixed-income, or other marketable securities from any financial services provider.
For company information, visit www.dedicateddb.com, or to prepare a plan for a client or prospect, visit www.onepersonplus.com.
Products March 5, 2007

Pershing’s LoanAdvance Adds Ability to Used SMA Assets as Collateral

Pershing , a subsidiary of The Bank of New York Company, has revamped its securities-based consumer lending to give clients the ability to increase their current borrowing power by pledging assets held in separately managed as collateral for their loans.
Reported by

According to a company press release, the updated version of the securities-based consumer lending tool LoanAdvance eliminates the need to liquidate securities or moves assets into separate collateral accounts, thus making lending management more efficient.

LoanAdvance can’t be used to purchase securities, and is available to Pershing’s qualified introducing broker-dealer customers and their clients as well as to qualified independent registered investment advisers and their clients through Pershing’s affiliate, Pershing Advisor Solutions LLC.

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Through LoanAdvance, Pershing’s customers and their clients can borrow up to 70% of the market value of qualified equity, mutual fund, and investment-grade corporate or municipal bond securities, as well as up to 90% of the market value for U.S. Treasury securities.

“These enhancements will provide our introducing broker-dealer and independent registered investment advisor customers with a flexible solution that will help them meet their individual clients’ liquidity and financing needs,’ said Ron Fiske, managing director of the product management and development group at Pershing, in the release.

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