March 15, 2018
JERSEY CITY, N.J. — BNY Mellon’s Albridge today announced it was awarded Best Compliance (Technology) for its Sales Practice Marketing solution at last week’s Family Wealth Report Awards 2018 held at the Mandarin Oriental in New York City. Selected by an independent panel of industry experts, the Family Wealth Report Awards recognize companies and individuals from across the wealth management and private banking industries that exemplify innovation and excellence.
BNY Mellon’s Albridge received the Best Compliance (Technology) award in recognition of how its enterprise data management solution is changing the way firms are responding to regulatory audits. With its new Sales Practice Monitoring solution, Albridge is creating value and efficiency for firms by enhancing the response process, allowing firms to request files, conduct data analytics and identify areas of potential concern—all from their desktop. This development eliminates visits to branch offices, and on-site analysis of documents. With this solution, firms can support increased sales activity levels without increasing compliance staff.
“It’s an honor to be selected by Family Wealth Report for this award,” said Marc Butler, chief operating officer of Albridge. “With the launch of Sales Practice Monitoring and our redesigned Albridge Wealth Reporting solution, we’re proud to offer advisors trusted and scalable tools to make their businesses easier to operate.”
For more information on Pershing, please visit www.pershing.com.
For more information on BNY Mellon’s Albridge, please visit www.albridge.com.
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 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 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 December 31, 2018, BNY Mellon had $33.1 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.