NU Online News Service, Nov. 25, 2003,11:58 a.m. EST – Lockwood Advisors Inc. made a lucky move in May, when it began selling a comprehensive set of wealth advisory services to independent advisors.[@@]
Originally, the Malvern, Pa.-based subsidiary of The Bank of New York Company Inc., New York, sold separately managed account services to advisors.
The company’s new products include a family of registered hedge funds, a mortgage origination service, a passive municipal fixed-income product, a mutual fund wrap program, an overlay separate account program and, most recently, a mutual fund access program.
The fund access program, announced Nov. 4, is the last money management service that Lockwood will be adding to its wealth advisory product menu, the company says.