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Lockwood To Help Advisors Originate Mortgage Loans

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NU Online News Service, June 19, 2003, 12:55 p.m. EDT – Lockwood Advisors Inc., Malvern, Pa., will be helping independent financial advisors offer their clients mortgage loans.

Lockwood, a unit of The Bank of New York Company Inc., New York, has developed the mortgage origination service together with its parent company’s mortgage company subsidiary and Alliance Capital Partners Inc., Jacksonville, Fla.

Lockwood is best known for marketing separately managed accounts to independent advisors, but it says it now wants to offer more products, such as registered hedge funds.