August 21, 2012
JERSEY CITY, N.J. — Pershing LLC, a BNY Mellon company, announced today that it has further enhanced its Trust Network with the additions of BOK Financial and Independent Trust Company of America. Trust Network is Pershing's open-architecture platform that enables its introducing broker-dealer and independent registered investment advisor (RIA) customers to offer their clients a wide range of personal trust services and solutions from industry leading trust companies.
"Investment professionals today serve a variety of clients, all of whom have diverse needs. Because trusts are among the most important wealth management tools, it remains crucial that advisors continue to have the flexibility to offer the trust administration that is specific to client requirements, said Tom Sholes, head of product management and development for Pershing. The additions of BOK Financial and Independent Trust Company of America not only further enhance our platform of solutions, but also demonstrate our continued commitment to providing our customers with the widest array of choices to serve their clients and grow their businesses.
BOK Financial Corporation is a $26 billion regional financial services company based in Tulsa, Oklahoma. Advisor trust services are offered through its national bank affiliate, BOKF, NA, which works nationwide with more than 125 trust officers and provides personalized trust services. Independent Trust Company of America was founded by Santa Fe Trust, one of the first trust companies to work exclusively with financial advisors. Independent Trust Company of America continues in the tradition of helping advisors successfully service trust clients throughout the country with all of the additional benefits of a South Dakota charter.
Launched in 2008, Pershing's Trust Network capabilities include full trustee services and administrative trustee services. The platform enables Pershing's customers to perform investment management activities for their clients' trust accounts with all related assets held in custody at Pershing. Trust Network is available to Pershing's introducing broker-dealer customers through Pershing LLC and RIAs via Pershing's affiliate, Pershing Advisor Solutions LLC.
About BNY Mellon's Pershing
BNY Mellon’s Pershing and its affiliates provide advisors, broker-dealers, family offices, hedge fund and ’40 Act fund managers, registered investment advisor firms and wealth managers with a broad suite of global financial business solutions. Many of the world’s most sophisticated and successful financial services firms rely on Pershing for clearing and custody, investment and retirement solutions, technology, enterprise data management, trading services, prime brokerage and business consulting. Pershing helps clients improve profitability and drive growth, create capacity and efficiency, attract and retain talent, and manage risk and regulation. With a network of 23 offices worldwide, Pershing provides business-to-business solutions to clients representing more than 6 million investor accounts globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2017, BNY Mellon had $30.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.