October 18, 2012
Pershing LLC, a BNY Mellon company, today announced that a leading industry survey named NetX360 for iPad® the number one financial management tool for tablet computers, and Albridge Wealth Reporting ™ was named the number one portfolio management software. Pershing's NetX360 was identified as the most used tablet app and Albridge Wealth Reporting was voted the most used portfolio management solution by those surveyed. This is the third year in a row that Albridge Solutions Inc., an affiliate of Pershing, has emerged as the top tool for financial professionals in industry surveys.
"Pershing invests heavily in the technology so our customers can focus on what's most important—their own clients," said Lucille Mayer, Co-Chief Information Officer at Pershing. "We spend considerable time testing our technology with financial professionals to ensure it delivers what they need to service clients and build their business. As performance reporting and mobile capabilities have become increasingly important to running a successful practice, we have worked diligently to engage our customers and anticipate market needs. These survey results validate that our efforts are resonating well with customers."
The Adviser Technology Trends Survey conducted by InvestmentNews, asked more than 1000 advisers about their technology usage and satisfaction. When asked what tablet app they use, the number-one response was overwhelmingly Pershing's NetX360, with use coming in nearly twice that of the second rated app. For portfolio management, Albridge's Wealth Reporting platform was also rated first among the competitive set, also by a significant margin. Of the more than 1000 participants in the InvestmentNews survey, 38.6% were registered investment advisors, 29.2% were registered representatives of independent broker-dealers, 19.2% were financial planners, 5.5% were wirehouse or regional-brokerage reps, and 7.5% were advisors working at banks, insurers and trust companies.
The complete survey results can be found at: www.investmentnews.com/2012advisertech .
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 approximately 7 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. As of March 31, 2018, BNY Mellon had $33.5 trillion in assets under custody and/or administration, and $1.9 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.