19 February 2018
visit www.nextgenbanking.co.uk/

Pershing introduces trust network

28 May 2008  |  1430 views  |  0 Source: Pershing

Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, announced today that it has launched a new and innovative Trust Network for its introducing broker-dealer and independent registered investment advisor (RIA) customers.

Trust Network is an open architecture platform that enables Pershing's customers to offer their clients a wide range of trust services and solutions from industry-recognized trust companies.

Pershing's Trust Network offers customers experienced trust administration services from AST Capital Trust Company, Reliance Trust Company, Santa Fe Trust, Inc. and Wilmington Trust, and enables Pershing's customers to perform investment management activities for their clients' trust accounts. The broad array of capabilities offered through the platform includes full trustee services, agent for trustee services and trust reporting. All related assets are held in custody at Pershing. This new solution is available to Pershing's introducing broker-dealer customers through Pershing LLC and RIAs via Pershing's affiliate, Pershing Advisor Solutions LLC.

Jim Crowley, managing director at Pershing, said, "We understand that trusts are among the most important wealth management planning tools that our introducing broker-dealer and RIA customers can offer their clients. This new platform enhances our extensive suite of wealth management solutions and provides our customers with the flexibility to choose the trust administration provider that can best support their strategic business objectives and their clients' needs."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comvisit www.swift.com/your-needs/instant-paymentsvisit www.nextgenbanking.co.uk

Who is commenting?

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11128 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
8639 views comments | 15 tweets | 13 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8601 views comments | 15 tweets | 43 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8560 views 10 comments | 21 tweets | 26 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job