Invesco recently 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 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.
"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.
Pershing has also added SigFig and Vanare.