ATLANTA, May 4, 2016 /PRNewswire/ -- Invesco Ltd. today announced that it will collaborate with Pershing to offer Jemstep Advisor Pro, the firm's digital advisor-focused digital solution, to Pershing's clients. Jemstep Advisor Pro will enable registered investment advisors (RIAs) and broker-dealers on the Pershing platform to seamlessly onboard prospects and effectively service investors. It is expected to be available on Pershing's NetX360(®) platform in the third quarter of 2016.
Jemstep Advisor Pro unites market-leading technology, world-class investment management capabilities and expert human advice to deliver a comprehensive digital advice solution. That combination results in a powerful way for advisors to engage with clients by providing a flexible platform that makes it easy for investors to access professional advice online through advisor-selected, customized asset allocations.
"Pershing serves a wide range of investment firms including RIAs and broker-dealers, and the Jemstep Advisor Pro platform offers the capabilities to satisfy the needs across our spectrum of clients," said Jim Crowley, chief relationship officer at Pershing. "Jemstep Advisor Pro is distinct in that it combines Invesco's leading world-class investment capabilities with best-in-class digital technology to enhance the financial experience for advisors and end investors."
Jemstep Advisor Pro is open architecture which allows investors to access a variety of professionally selected investment options across mutual funds and ETFs. Unlike peer tools that focus on market-cap-weighted indexing, Jemstep Advisor Pro also gives home offices new and differentiated insights to help track advisor progress, view client data in aggregate, enhance portfolio management offerings and services, manage risk, and an opportunity to broaden their client reach to address intergenerational needs.
"We believe investors are best served by partnering with a financial advisor to reach their unique investment goals," said Simon Roy, President of Jemstep. "Jemstep's availability on the Pershing platform offers a digital complement to the traditional method of investment advice and an efficient means to access Pershing's Managed Investment and Lockwood Advisors TAMP facilities. Pershing is committed to providing its network of advisors with access to the services needed to grow their businesses and we believe that Jemstep Advisor Pro will help them expand their business, as well as provide objective advice to their clients."
Jemstep is a market-leading provider of financial advisor-focused digital advice solutions. Established in 2008, it was one of the first digital platforms to focus on helping advisors deliver professional advice to their clients online. The Jemstep Advisor Pro platform helps advisors scale their business efficiently by providing a full suite of highly flexible technology solutions that can be easily integrated into existing systems and business models. Invesco acquired Jemstep in January 2016.
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
Pershing and its affiliates provide global financial business solutions to advisors, asset managers, broker-dealers, family offices, registered investment advisor firms and wealth managers. A financial services firm located in 23 offices worldwide, Pershing provides business-to-business solutions to clients representing 6 million active investor accounts on the U.S. platform. Pershing affiliates are members of every major U.S. securities exchange, and its international affiliates are members of the Deutsche Börse, Australian Stock Exchange, Irish Stock Exchange, London Stock Exchange and Toronto Stock Exchange. Pershing LLC (member FINRA/NYSE/SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing.
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SOURCE Invesco Ltd.