NU Online News Service, Oct. 7, 2003, 4:54 p.m. EST – Lockwood Advisors Inc., Malvern, Pa., a subsidiary of The Bank of New York Company Inc., New York, has started an Overlay Separate Account Portfolio program for independent financial advisors.
The program is Lockwood’s first separate account product that offers a choice of more than one investment style, Lockwood says.
Lockwood’s Investment Advisory Services group will be the program portfolio manager, and Parametric Portfolio Associates, Seattle, will handle overlay management.