Pershing Offers Performance Reporting Solution through NetX360
Pershing LLC said it has begun providing its introducing broker/dealer and independent registered investment adviser (RIA) customers with access to a performance reporting solution from Black Diamond.
The new tool is accessible through NetX360, Pershing’s technology platform that allows professionals and RIAs to manage commission and fee business on a single workstation, according to Pershing, a subsidiary of The Bank of New York Mellon Corporation.
Through Black Diamond, Pershing said investment professionals, RIAs, and dually registered advisers are able to view a complete portfolio of their clients’ assets, including assets held away from Pershing. The Black Diamond solution also offers a customizable homepage, flexible reporting levels, daily returns, ad-hoc and batch client report creation, composite reporting and maintenance, cost basis tracking, and tax-lot entry and benchmark tracking, according to the company.
Pershing said the new offering builds on its NetExchange Pro and Advisor online brokerage platforms and Pershing Managed Account Solutions’ managed account workstation, by offering “introducing broker/dealers and RIAs the ability to fully integrate front- and back-office functionality from an unprecedented number of best-in-class, third-party solution providers across a broad array of critical business areas.”
Pershing, in conjunction with Interactive Data Corporation, recently announced that its customers have access to real-time market data and analytical tools through NetX360 (see “NetX360 Open-Architecture Platform Introduced by Pershing”).