BNY Mellon's Pershing Expands Offerings in the Latin American Market
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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bnymellon.com/us/en/investor-relations/index.jsp
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Source: PR Newswire
PHOENIX, June 12, 2019 /PRNewswire/ -- BNY Mellon's Pershing ("Pershing") today announced new solutions designed to help broker-dealers and advisors capitalize on the opportunities in the fast-growing Latin American market. Lockwood Offshore Asset Allocation Portfolios, launched today, will provide investors domiciled in Argentina, Brazil and Mexico with a series of risk-based, multi-style professionally managed portfolios. Meanwhile, Offshore Flex, to launch in the fourth quarter, will deliver a flexible mutual fund program for both fee- and commission-based environments. "We see continued growth in offshore assets on our platform, with the fastest growth coming from Latin America," said John Ward, managing director of global client relationships at Pershing. "Industry consolidation, an inflow of new advisors to independent broker-dealers, and increased investor allocation to investments outside of domestic markets are creating new opportunities for our clients. Whether it's implemen
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