March 23, 2017
Albridge Wealth Reporting platform enables a seamless transition for InR Advisory Services as the firm pivots to independence
PENNINGTON, N.J., March 23, 2017—BNY Mellon's Albridge today announced that it will provide the newly independent advisory firm InR Advisory Services LLC (InR) with its integrated data aggregation and performance reporting solution: Albridge Wealth Reporting .
InR's decision to stay on the Albridge Wealth Reporting platform, as it moves to independence, will allow the firm to have uninterrupted access to historical client data and enable it to deliver the seamless, high-quality experience investors have come to expect from the InR team.
"As we make the transition to independence, it's crucial that our technology delivers a seamless experience for our clients and helps power our growth," said Michael B. Glackin CFP®, AIF®, President of InR Advisory Services. "Through our 12-year relationship with Albridge as part of a broker-dealer, we knew it could provide cutting-edge technology that matched our needs. Our continued partnership with Albridge will allow us to devote more valuable time to other business areas and, most importantly, to our clients."
Commenting on the news, Jennifer Feinerman, Director of Relationship Management at Albridge, said, "Regardless of the business model our clients may choose to operate under, our solutions are well positioned to support their overall success. As firms continue to evaluate their business models in a shifting landscape, one of their most important considerations is whether they will have continued access to historical client data. We work tirelessly to support our clients' evolving needs, so they can focus on the strategic business decisions that will help them take their businesses to the next level."
Albridge is an affiliate of Pershing and Albridge Wealth Reporting is used by over 80,000 financial professionals at over 140 financial organizations.
Based in Media, PA, InR is a pension consultant and provider of investment advisory services for public- and private-sector clients and non-profit organizations. It provides customized plans for 457, 401(k) and 403(b) plans and personal investors.
About BNY Mellon's Albridge
BNY Mellon’s Albridge Solutions Inc. is a leading provider of enterprise data management solutions that deliver a single view of an investor's broad range of assets. Our proprietary technology consolidates and reconciles client account and transaction data from hundreds of data sources representing banking, brokerage, insurance, retirement, managed accounts and more.
Albridge processes this cleansed data and uses it to power a variety of downstream technology solutions, including performance reporting, sales practice monitoring, data warehousing, business intelligence, imaging and workflow. Albridge provides the foundation for financial organizations to leverage a single source of information to power a number of mission critical technology applications. Albridge Solutions Inc. is an affiliate of Pershing LLC. Additional information is available at albridge.com.
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.