Bringing you live news and features since 2006 

Pershing launches new custodial platform

RELATED TOPICS​

Pershing Limited, a BNY Mellon Company, plans to launch a custodial platform this October, which will target independent financial advisers and financial planning businesses.

 

Pershing’s offering is an open architecture, customisable solution providing advisers with a single point of custody and asset administration for all asset classes. It also utilises Pershing’s global trading capabilities and technology solutions including an advanced adviser workstation with an integrated portfolio management system and investor portal.
 
Drawing upon Pershing’s experience in the US Registered Investment Adviser (RIA) market, over the past 18 months Pershing has tested the platform to ensure it delivers a front-to-back office solution that meets the needs of independent advisers in the UK. The new platform goes beyond providing custody to deliver a complete range of solutions for addressing the key challenges of managing independent business. Most importantly, the service allows advisers to put their brand first; including such offerings as customisable white-labelled statements, while benefiting from Pershing’s resources and dedication to service.
 
“We know that by 2013, the adviser market will be very different and we are focused on serving growth-oriented, professionally-managed advisers who serve investors with complex financial lives,” says Charles van der Merwe (pictured), CEO of Pershing Limited, “We believe this segment of the adviser market will benefit most from the changes resulting from the Retail Distribution Review (RDR) and we are well placed to help these advisers grow their businesses because the service offers whole-of-market, multi-currency, multi-asset class options in an easy to use format. The solution meets the needs of both the adviser and their investors.”
 
Ahead of the full launch, Pershing has already partnered with a number of adviser firms, such as Attivo Financial Services, who have realized the benefits offered by the service. Pershing has seen positive feedback from clients citing the flexibility and fully-integrated nature of the platform as some of the most compelling aspects of the offering.
 
“We wanted to be able to move away from the restricted nature of conventional platforms, have greater operational control and offer a totally transparent service to our clients,” said Stephen Harper, Managing Director of Attivo Financial Services Limited, “After fully researching the available options, Pershing came out as the market leader in every respect."

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by