Broker-Dealer of the Future II, Part Five: Espouse Advisory Services

BNY Mellon's Pershing


Broker-Dealer of the Future II, Part Five

The more broker-dealers rely on fee-based business to generate revenue, the higher their overall profitability. Are you winning your fair share of advisory revenue? Which advisory model fits your business best?

The true test for the competitive strength of a broker-dealer today is its ability to support fee-based financial advisors. In an ideal world, the Broker-Dealer of the Future attracts not only advisors who are mandated by FINRA to use a broker-dealer, but also those who conduct all of their business through advisory fees, and are not supervised by a broker-dealer.

Stunning Transformation Five explores:

  • The Fee Business and Profitability
  • Broker-Dealers Playing a Role in the Advisory Business
  • Thinking Like a Large RIA

BNY Mellon's Pershing

BNY Mellon’s Pershing and its affiliates provide a comprehensive network of global financial business solutions to advisors, broker-dealers, family offices, hedge fund and ’40 Act fund managers, registered investment advisor firms and wealth managers. Many of the world’s most sophisticated and successful financial services firms rely on Pershing for clearing and custody; investment, wealth and retirement solutions; technology and 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.