Some broker-dealers used to proudly tout their friendly compliance policies. Now the world has changed--and advisors are far more concerned about the risk to their reputations and stability.
Longevity is perhaps the most underappreciated advantage of working with a broker-dealer. However, as the crisis of 2008 and 2009 demonstrated, it should be considered carefully by both individual investors and financial advisors. To be successful in organic growth and recruiting, the Broker- Dealer of the Future must make a strong statement about its own stability as an organization and its dedication to its strategy.
Stunning Transformation Six explores:
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.