Pershing Is First Financial Services Firm To Distribute Dow Jones Advisor Service

by Carla Johnson, Investors Offshore.com

31 July 2001

Dow Jones Newswires and Pershing, a Credit Suisse First Boston company, have announced a collaboration on two fronts. Firstly the two companies have come to an agreement under which Pershing is the first correspondent financial services firm to distribute the Dow Jones Financial Advisor Service to its correspondent customers. Secondly, Pershing's Investment Manager Services group will also provide access to the Dow Jones News Service to its registered investment advisor and prime brokerage clients.

'The investment professionals who utilize Pershing's diverse services will also be able to benefit tremendously from the professional insight and in-depth coverage that the Dow Jones Financial Advisor Service and Dow Jones News Service provide,' said Jim Donoghue, Vice President of Sales and Marketing, Dow Jones Newswires.

The Dow Jones Financial Advisor Service is a recently launched service designed to meet the information needs and interests of financial planners and advisors. For a fee, as yet undisclosed, Pershing will now be able to offer access to the Dow Jones Financial Advisor Service to customers who use NetExchange Pro, Pershing's Internet-based order entry and account management platform for investment professionals.

Brian T Shea, Managing Director of Pershing, stated: 'We are excited to be the first correspondent financial services firm to offer investment professionals access to the invaluable news and information available through the Dow Jones Financial Advisor Service. Providing Pershing customers with Internet access to value-added tools and content, such as the Dow Jones Financial Advisor Service and Dow Jones News Service, is a key component of our efforts to help Pershing customers gain a competitive edge in today's marketplace.'

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