Lumesis, Pershing Form Strategic Relationship

Lumesis Inc. has formed a strategic relationship with Pershing LLC that will give Pershing clients access to its municipal bond reports and compliance services.

The DIVER Advisor Muni Bond Report will be integrated into Pershing's BondCentral platform for broker-dealers, wealth managers and advisors. It will allow immediate access to information that is required for disclosure and 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-sophisticated municipal market professional] clients for primary or secondary market trades, or conducting research," Gregg L. Bienstock, CEO and Co-Founder of Lumesis, said in a press release.

"We're pleased to be the first clearing and custody provider to make DIVER Advisor available, at no cost, to our clients," said John Vrettos, Director of Fixed Income Business Development at Pershing. "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."

Lumesis is a provider of business efficiency, regulatory compliance and data services for the municipal bond market; Pershing is a BNY Mellon company.

For reprint and licensing requests for this article, click here.
Buy side
MORE FROM BOND BUYER