Mellon Asset Servicing Group Announces Enhanced Gift Processing Services
2007年5月30日 - 10:00PM
PRニュース・ワイアー (英語)
-- Collaboration with Mellon Financial Markets delivers improved
donor and gift transaction capabilities for not-for-profit clients
-- PITTSBURGH, May 30 /PRNewswire-FirstCall/ -- Mellon Financial
Corporation (NYSE:MEL) announced that its Asset Servicing group has
teamed up with Mellon Financial Markets (MFM), the company's full
service broker/dealer, to provide enhanced gift processing services
for its not-for-profit trust and custody clients. Mellon has long
offered a comprehensive gift processing program that streamlines
the handling of gifts made to foundations, endowments and other
not-for-profit institutions. Developed in-house, the program
enables gifts to be received without prior notification from either
the organization's development office or its donors, minimizing the
risk of gifts being returned to donors in error. The newly enhanced
program features MFM's ability to handle all gift transaction
types, such as charitable gifts of stocks, bonds or other
securities. Working closely with Mellon Asset Servicing, MFM
establishes brokerage accounts for clients that want to accept
gifts of securities, proactively monitors the accounts and
researches receipts, and provides daily donation reports. Mellon
also assists clients and donors with more complicated gifts,
including restricted stock, mutual funds, international securities,
and other unique assets. The enhanced service is coordinated with
Mellon's custody, cash management and securities services
businesses, offering clients a seamless, fully integrated program.
One such client, the University of Missouri, has benefited from
MFM's research ability to identify donors of stock when the donor
neglects to notify the University. The institution has been a
Mellon custody client since 1997. "This program addresses key
concerns of our not-for-profit clients in the processing of gifted
securities," said Jeff Gearhart, first vice president of Mellon
Financial Markets. "With skilled investment professionals helping
them every step of the way, we're able to tailor the service to
meet each client's needs." MFM also acts as underwriter and
financial advisor to many of its not-for-profit clients. Mellon
Financial Markets, LLC is an investment banking and full-service
securities dealer firm that combines significant experience with a
wealth of products and services. As the investment banking
subsidiary of Mellon Financial Corporation, MFM is uniquely
positioned to provide flexible and innovative solutions to handle
the financing and investment needs of its clients. Mellon's Asset
Servicing group develops solution-oriented tools to support the
entire investment process for public and private pension funds,
endowments and foundations, asset managers, mutual funds, insurance
and other financial institutions. Mellon Financial Corporation is a
global financial services company. Headquartered in Pittsburgh,
Mellon is one of the world's leading providers of financial
services for institutions, corporations and high net worth
individuals, providing asset management, wealth management, asset
servicing, issuer services and treasury services. Mellon has
approximately $5.8 trillion in assets under management,
administration or custody, including $1.034 trillion under
management. News and other information about Mellon is available at
http://www.mellon.com/. * MFM is a member of the NASD and SIPC.
Investments offered through MFM are not FDIC-insured, not
bank-guaranteed and may lose value. DATASOURCE: Mellon Financial
Corporation CONTACT: Joseph F. Ailinger Jr., +1-617-722-7571, , of
Mellon Financial Corporation Web site: http://www.mellon.com/
Copyright
Mellon (NYSE:MEL)
過去 株価チャート
から 6 2024 まで 7 2024
Mellon (NYSE:MEL)
過去 株価チャート
から 7 2023 まで 7 2024
Real-Time news about Mellon Finl Corp (ニューヨーク証券取引所): 0 recent articles
その他のMellon Fincl Corpニュース記事