The added features include the wealth management platform's
first tool designed for investors and a cloud-based tool created
for C-suite financial executives to better manage enterprise
data
NEW
YORK, June 4, 2024 /PRNewswire/ -- The Bank of
New York Mellon Corporation ("BNY Mellon") (NYSE: BK), the global
financial services company, announced today new enhancements to
Pershing X's Wove platform, which is designed to help registered
investment advisors, broker-dealers and wealth management firms
connect an investor's full financial picture in one place.
The new Wove offerings include:
- Wove Investor, a one-stop client portal that enables
investors to view account info across multiple custodians, and use
self-service features to quickly complete simple tasks on their
own, such as check balances across all investment accounts, on a
single interface. Added capabilities are slated to roll out later
this year, including the ability to transfer money and make
deposits, as well as collaborate with advisors through screenshare
and co-browsing features
- Wove Data, a cloud-data platform designed for C-Suite
financial professionals at wealth management firms to manage large,
multi-custody data sets and gain deeper insights into how their
advisor teams, operations and investment products are performing
across their enterprises
- Portfolio Solutions, a set of new time-saving
enhancements to the platform that will help advisors toggle more
efficiently and quickly from researching investment products to
aligning them to a client's risk objectives and adding them to a
portfolio
"When we launched Wove exactly one year ago we said we wouldn't
stop innovating until it became the most connected advisory
platform in the market, and today, we're delivering on that
promise," said Ainslie Simmonds,
Pershing X President and Pershing Global Head of Strategy.
"Advisors asked us to create a simple, interconnected portal for
their clients, so we built Wove Investor, while Wove Data enables
larger firms to turn vast amounts of data into actionable business
intelligence. These new products are helping us fulfill on our
mission to change the future of wealth management."
About BNY Mellon
BNY Mellon is a global financial
services company that helps make money work for the world –
managing it, moving it and keeping it safe. For 240 years we have
partnered alongside our clients, putting our expertise and
platforms to work to help them achieve their ambitions. Today we
help over 90% of Fortune 100 companies and nearly all the top 100
banks globally access the money they need. We support governments
in funding local projects and work with over 90% of the top 100
pension plans to safeguard investments for millions of individuals,
and so much more. As of March 31,
2024, we oversee $48.8
trillion in assets under custody and/or administration and
$2.0 trillion in assets under
management.
BNY Mellon is the corporate brand of The Bank of New York Mellon
Corporation (NYSE: BK). We are headquartered in New York City, employ over 50,000 people
globally and have been named among Fortune's World's Most Admired
Companies and Fast Company's Best Workplaces for Innovators.
Additional information is available
on www.bnymellon.com. Follow us on LinkedIn or visit our
Newsroom for the latest company news.
BNY Mellon's Pershing (member FINRA, NYSE, SIPC) is a
leading provider of clearing and custody, trading and settlement,
advisory and investment solutions, data insights, business
consulting and other services to wealth management and
institutional firms looking to grow their businesses. For more
information, go to pershing.com.
Contact Information
BNY Mellon's Pershing
Liz Ozaist
347-528-3559
Elizabeth.Ozaist1@bnymellon.com
©2024 Pershing X, Inc., a BNY Mellon company. All rights
reserved. Technology services provided by Pershing X,
Inc.
BNY Mellon is the corporate brand of The Bank of New York
Mellon Corporation and may be used to reference the corporation as
a whole and/or its various subsidiaries generally.
Investment advisory services, if offered, may be provided by
BNY Mellon Advisors, Inc., an investment advisor registered in
the United States under the
Investment Advisers Act of 1940 or one or more affiliates of BNY
Mellon.
Trademark(s) belong to their respective owners. This material
does not constitute a guarantee by The Bank of New York Mellon of
any kind. This material is for general information purposes only
and is not intended to provide legal, tax, accounting, investment,
financial or other professional advice on any matter.
Forward-looking information, including delivery timing estimates,
mock-ups and functionality descriptions remain subject to change
without notice.
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SOURCE Pershing, LLC