JERSEY CITY, N.J., August 10, 2009 — Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation (NYSE: BK), announced today that it has begun providing its introducing broker-dealer and independent registered investment advisor (RIA) customers with access to a comprehensive performance reporting solution from Black Diamond. This new tool is accessible through NetX360™, Pershing's revolutionary technology platform, that provides investment professionals and RIAs with a complete solution to help them efficiently manage their commission and fee business on a single, integrated workstation.

Black Diamond's performance reporting solution enables Pershing's customers to better manage their clients' investment portfolios. Investment professionals, RIAs and dually registered advisors are able to view a complete portfolio of their clients' assets, including assets held away from Pershing. The Black Diamond solution also provides access to a broad array of critical business information and a wide range of cutting-edge functionality directly from within NetX360, such as an intuitive, customizable homepage, flexible reporting levels, daily returns, ad-hoc and batch client report creation, composite reporting and maintenance, cost basis tracking and tax-lot entry and benchmark tracking.

Suresh Kumar, chief information officer of Pershing LLC said, "We continuously strive to provide our customers with access to best-of-breed business and technology solutions that help them grow their businesses, maximize productivity and mitigate risk. The addition of Black Diamond Performance Reporting to our NetX360 platform reflects this commitment and reinforces our firm's long-standing goal to deliver industry-leading capabilities to our customers to help them achieve their clients' financial goals."

Reed Colley, founder and chief executive officer of Black Diamond Performance Reporting LLC said, "We are pleased to offer our flexible performance reporting solution to Pershing's customers through the NetX360 platform. We are confident that our robust application will provide investment professionals and RIAs with the capabilities they need to oversee their clients' investment portfolios in an efficient and effective manner."

NetX360 builds on a wide range of solutions previously provided through Pershing's industry-leading NetExchange Pro® and Advisor® online brokerage platforms and Pershing Managed Account Solutions' managed account workstation. The new platform offers introducing broker-dealers and RIAs the ability to fully integrate front- and back-office functionality from an unprecedented number of best-in-class, third-party solution providers across a broad array of critical business areas, including relationship management, portfolio and tax-lot accounting, compliance monitoring, trading, clearing and settlement, performance reporting and rebalancing.

The addition of Black Diamond Performance Reporting to NetX360 continues to expand the breadth of high-quality solutions available via the platform. Pershing, in conjunction with Interactive Data Corporation, recently announced that its customers have access to real-time market data and analytical tools through NetX360. Pershing also added an extensive client relationship management solution from Redtail Technology, Inc., to the platform that provides advisors and investment professionals with the ability to better manage client information and prospecting opportunities. Robust financial planning tools from MoneyGuidePro™ are also now accessible through NetX360 which enables Pershing's customers to create, implement and maintain investment strategies that best suit their clients' financial goals.

Founded in 2003, Black Diamond Performance Reporting™ offers a powerful tool for advisors and wealth managers by providing unbiased, outsourced investment performance reporting. The Black Diamond solution is a highly customizable, Web-based performance reporting solution that provides accurate, timely and meaningful data allowing advisors and wealth managers to tell their investment performance story. Using its proprietary reconciliation engine, Black Diamond reconciles its clients' data on a daily basis so advisors and wealth managers always have the most current reporting information available at their fingertips. Black Diamond Performance Reporting™ is headquartered in Jacksonville, Florida, with offices in San Francisco and Dallas.

Pershing LLC (member FINRA/NYSE/SIPC) is a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors who collectively represent approximately five million active investors. Located in 20 offices worldwide, Pershing and its affiliates are committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Pershing is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Boerse, the Irish Stock Exchange and the London Stock Exchange. Pershing LLC is a subsidiary of The Bank of New York Mellon Corporation. Additional information is available at www.pershing.com.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $20.7 trillion in assets under custody and administration, $926 billion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.8 trillion per day. Additional information is available at www.bnymellon.com.