Lumesis Partners with Pershing to Access Compliance Solutions
STAMFORD, CT: Lumesis, provider of business efficiency, regulatory compliance and data solutions for the municipal market has announced a new strategic relationship with Pershing, a BNY Mellon company that will give immediate access to DIVER Advisor’s municipal bond reports and compliance solutions to Pershing clients.
With the content integration into Pershing’s platform for broker-dealers, wealth managers and advisors can provide these Pershing clients with immediate access to required information for disclosure and ongoing portfolio surveillance.
“We are delighted to be working with an industry leader like Pershing to ensure that their clients have access to the most current information, whether they are providing required information to retail and non-SMMP clients for primary or secondary market trades, or conducting research,” says Gregg L. Bienstock, Esq., CEO and Co-Founder of Lumesis.
DIVER Advisor was developed to help the muni bond industry leverage technology to stay ahead of a changing compliance landscape. “Integration into the Pershing workflow makes research and compliance with time-of-trade, supervision and suitability rules simple and seamless,” says Tim Stevens, CFA, President, COO and Co-Founder of Lumesis.
“We’re pleased to be the first clearing and custody provider to make DIVER Advisor available, at no cost, to our clients. With DIVER Advisor Muni Bond Reports fully integrated into Pershing’s BondCentral workflow, it’s easy for advisors to get the most current muni bond information they need, when they need it,” says John Vrettos, Director of Fixed Income Business Development at Pershing. “