Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
Products May 28, 2008
Pershing Launches Trust Network for B/D, RIA Customers
Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, launched Trust Network, offering a wide range of services from trust companies.
Reported by Ellie Behling
Pershing’s Trust Network offers customers 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 open architecture platform offers full trustee services, agent for trustee services, and trust reporting. All related assets are held in custody at Pershing. The system is available to Pershing’s introducing broker/dealer customers through Pershing LLC and registered investment advisers (RIAs) via Pershing Advisor Solutions LLC.
“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,’ said Jim Crowley, managing director at Pershing said. “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.”
Additional information is available at www.pershing.com
« Great American Advisors Launches Fee-Based Advisory Platform