The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE:BK), the global financial services company, announced at its INSITE conference a bundled offering delivered through Pershing that enables financial advisors to access the full breadth of capabilities from across BNY Mellon’s leading platforms, including BNY Mellon Investment Management and BNY Mellon Advisors.
As investors’ financial needs continue to become more complex, they are increasingly looking to their financial advisors for help across their investment needs. By bundling these services, BNY Mellon is providing advisors with a holistic, simplified offering, allowing them to focus more of their time on their clients.
Backed by 240 years of experience across the financial lifecycle, BNY Mellon is bringing together the firm’s managed accounts platform, asset allocation and manager selection, investment management products, customized tax solutions, the interoperable Pershing X’s Wove platform for advisors, and custody and clearing services from BNY Mellon’s Pershing into a comprehensive, unified package for clients.
“We want to be the partner that offers our leading capabilities at scale and all in one place. Importantly, this solution could offer our clients savings of up to 40%,” said Stephanie Pierce, Head of Dreyfus, Mellon and BNY Mellon Advisors. “Strengthened by BNY Mellon Advisors, this competitive offering provides a gateway for advisors to meet more of their clients’ unique investment needs and better run their advisory practices.”
BNY Mellon Pershing also offers additional opportunities for advisors to do more with the firm for less, including decreased custody fees when advisors invest with BNY Mellon Investment Management.
“By bringing together the strength of Pershing’s offerings with Investment Management’s industry-leading products and the expertise of BNY Mellon Advisors, we’re able to offer more value and the full breadth of BNY Mellon’s services to our clients,” said Ben Harrison, Head of Wealth Solutions, BNY Mellon’s Pershing. “This latest innovative offering is another great example of how we are uniquely positioned to support clients through every stage of the investment lifecycle.”
