executives are going on an eighteen-city tour to get the word out about their platform to independent advisors. The road show -- which includes stops in New York, Los Angeles and Chicago -- will cover the mutual fund supermarket and mutual fund wrap offered by the Bank of New York unit, as well as its other capabilities.
The firm hopes that the meeting will recruit advisors to the platform and educate its current clients about the expanded services.
"We know that their [advisors] clients are demanding 'one-stop shopping' for their financial needs, and we've greatly expanded the Lockwood platform to meet that demand." explained Christopher W. Tomecek
, president of Lockwood Advisors. "We also understand that many advisors are seeking a provider that won't become a competitor, and Lockwood is committed to using advisors as the company's sole distribution network."
Lockwood has beefed up its platform to make it easier for advisors to design and generate recommendations, open accounts and purchase financial products, and track portfolio status and performance, added Tomecek.
The changes are part of an effort by Lockwood to increase advisor efficiency and reduce data entry. It is also offering the platform through the Web to be available around the clock.
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