BNY Mellon's Pershing Enhances its Retirement Plan Network with the Addition of Third-Party Model Providers

September 22, 2015

Platform will feature investment models from 3D Asset Management, Efficient Market Advisors, Morningstar Investment Services, Inc., and Wilshire Associates Incorporated

JERSEY CITY, N.J. – Pershing LLC, a BNY Mellon company, today announced it has added four third-party model providers to its Retirement Plan Network, a platform that provides advisors with tools, solutions and technology to service their retirement plan business. The model providers added to the platform include 3D Asset Management, Efficient Market Advisors, Morningstar Investment Services, Inc. and Wilshire Associates Incorporated.

The new model provider additions provide a diverse menu of goals-based and target-date models. Each manager was selected for its unique perspective on model construction and management.

“We are personally invested in the success of our clients’ business in the retirement space and are continuously enhancing our platform to respond to their evolving needs,” said Marc Caras, director of Pershing’s Retirement Plan Network. “The addition of third-party model providers gives plan advisors a broad selection of professionally managed investment models to meet the varying needs of plan sponsors and their participants. With access to more robust investment options, plan advisors and sponsors will be better equipped to help plan participants achieve their desired retirement outcomes.”

In addition to providing professionally managed investment options, Pershing’s Retirement Plan Network features Retirement Model Manager for plan advisors who wish to manage their own investment options. Through this new manager, advisors can create and manage models— which they can deliver across recordkeepers and plans— without having to log into separate systems.

Retirement Model Manager, and the addition of four model providers, builds on a host of other resources already available on Pershing’s Retirement Plan Network. Other solutions available on the platform include an integrated network of independent recordkeepers, investment products, retirement plan tools and practice management solutions. Pershing plans to add more recordkeepers and third-party model providers to the platform in the future.

For more information on Pershing’s Retirement Plan Network, please visit https://www.pershing.com/rpn.

About BNY Mellon's Pershing

BNY Mellon’s Pershing is a leading provider of clearing and custody services. We are uniquely positioned to help complex financial services firms transform their businesses, drive growth, maximize efficiency, and manage risk and regulation.

Wealth management and institutional firms outsource to us for trading and settlement services, investment solutions, bank and brokerage custody, middle and back office support, data insights, and business consulting.

Pershing brings together high-touch service, an open digital platform and the BNY Mellon enterprise to deliver a differentiated experience for every client.

Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. With offices around the world, Pershing has over $2 trillion in assets and millions of investor accounts. Pershing affiliates include Albridge Solutions, Inc. and Lockwood Advisors, Inc., an investment adviser registered in the United States under the Investment Advisers Act of 1940. Additional information is available on pershing.com, or follow us on LinkedIn or 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 and wealth management and investment services in 35 countries. As of June 30, 2021, BNY Mellon had $45.0 trillion in assets under custody and/or administration, and $2.3 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.

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