Pershing LLC, a unit of Bank of New York Mellon Corp., has started providing its introducing broker-dealer and independent registered investment advisory customers with access to a performance reporting service from Black Diamond Performance Reporting.
The service is available through Pershing's NetX360 technology platform, which provides investment professionals and RIAs with services to help them manage their commission and fee business on a single, workstation, Pershing said.
Pershing, of Jersey City, said Black Diamond's performance reporting service enables Pershing's customers to better manage their clients' investment portfolios because they are able to view a complete portfolio of their clients' assets, including assets held away from Pershing.
The service was announced Monday. Bank of New York Mellon had $20.7 trillion of assets under custody and administration, including $926 billion under management, as of June 30.