December 17, 2013
JERSEY CITY, N.J. - December 17, 2013 - Pershing LLC, a BNY Mellon company, today announced an expansion of its philanthropic solutions for advisors at independent broker-dealers and registered investment advisors available through NetX360®, its technology platform for advisors. The open-architecture donor-advised funds solution and educational resources provide advisors with the tools necessary to facilitate the creation and management of a donor-advised fund. This solution is made possible through an alliance with Crown Philanthropic Solutions, a provider of donor-advised fund technology.
"We're seeing a national trend in philanthropic giving and are responding by equipping advisors with solutions that meet their clients' gifting plans and help them to build relationships with those clients and, in some cases, with their families and communities as well," said Katie Swain, director of wealth solutions at Pershing. "Philanthropy continues to grow across the U.S. and the need for solutions that enable advisors to support their client's charitable giving plan is critical."
The collaboration with Crown Philanthropic Solutions is complementary to donor-advised funds that are currently made available to Pershing clients through an arrangement with American Endowment Foundation (AEF), a leading, national, independent sponsor of donor-advised funds. As an alternative to directing their client's assets to a neutral platform, they now have the option to create their own, private-label fund.
Pershing's several philanthropic solutions benefit advisors in various ways, including:
Ms. Swain added, "Leaving a legacy is a goal many clients strive for and advisors can help them achieve that goal by utilizing multiple philanthropic solutions, such as donor-advised funds. Our solutions which include Crown Philanthropic Solutions and American Endowment Foundation are key to providing advisors and their clients’ flexibility in gifting."
Pershing and its affiliates provide global financial business solutions to advisors, asset managers, broker-dealers, family offices, registered investment advisor firms and wealth managers. A financial services firm located in 23 offices worldwide, Pershing provides business-to-business solutions to clients representing 6 million active investor accounts on the U.S. platform. Pershing affiliates are members of every major U.S. securities exchange, and its international affiliates are members of the Deutsche Börse, Australian Stock Exchange, Irish Stock Exchange, London Stock Exchange and Toronto Stock Exchange. 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 June 30, 2016, BNY Mellon had $29.5 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.