BNY Mellon's Pershing Expands its Retirement Plan Network by Adding Five New Recordkeepers

June 28, 2016

Pershing LLC, a BNY Mellon company, announced today that it has added five new recordkeepers to its Retirement Plan Network. The new additions expand the geographic presence of the platform, furthering Pershing’s ability to address the needs of plan advisors across the country. Pershing selected the new recordkeepers due to their strong focus on open-architecture, fee transparency, and fiduciary and practice management capabilities.

The new recordkeeper additions include:

  • EPIC Advisors – Rochester, New York
  • North American KTRADE Alliance, LLC (“KTRADE”) – Plymouth, Indiana
  • Oriental Pension Consultants – Boca Raton, Florida
  • PenSys, Inc – Roseville, California
  • Spectrum Pension Consultants – Tacoma, Washington

“We are committed to effectively serving the needs of advisors who sell and service retirement plans, so that they can serve their clients efficiently,” said Marc Caras, head of Pershing’s Retirement Plan Network. “Our team is continuously working to address the needs of advisors and their plan sponsor clients. We expect to continue expanding the network over the next year to include additional recordkeepers, while maintaining strict criteria as our network reaches maturity.”

Since last year, Pershing has doubled the number of participating recordkeepers in its Retirement Plan Network. The new recordkeepers join existing firms on the platform which include: 401kDIRECT, Allen Gibbs & Houlik, Aspire Financial Services, Benefit Consultants Group, July Business Services, Sentinel Benefits, and Summit Benefit Solutions. All of the recordkeepers on Pershing’s platform emphasize advisor support and provide retirement plan solutions customizable to meet plan sponsor and plan participant needs.

Through the Retirement Plan Network, Pershing is focused on building the industry’s leading custody and retirement plan technology platform. The solution serves as a hub that provides advisors access to leading open-architecture solutions that integrate plan recordkeepers, custody, and advisor tools. NetX360® serves as the single point of entry for both retirement plan and individual account servicing.

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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, managed account technology and operations 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 offices worldwide, Pershing provides business-to-business solutions to clients representing more than seven million investor accounts globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. Professionally advised managed accounts are offered through its affiliate, Lockwood Advisors, Inc., which is an investment adviser registered in the United States under the Investment Advisers Act of 1940. Additional information is available on, 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 and wealth management and investment services in 35 countries. As of March 31, 2021, BNY Mellon had $41.7 trillion in assets under custody and/or administration, and $2.2 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 Follow us on Twitter @BNYMellon or visit our newsroom at for the latest company news.