Crossroads: Critical Decisions That Advance the Evolution of an Advisory Firm

BNY Mellon's Pershing Advisor Solutions

03/02/2017

Crossroads: Critical Decisions That Advance the Evolution of an Advisory Firm

Advisory firms encounter crossroads that shape their transformation

"Crossroads: Critical Decisions that Advance the Evolution of an Advisory Firm" can help firms decide which steps to take to grow and improve profitability. Insights from several advisory firm leaders who have successfully transformed their businesses are also included. The paper can help firms determine when to:

  • Hire the first support advisor
  • Hire an employee (non-owner) lead advisor
  • Hire the first executive (professional, dedicated management of the firm)
  • Promote an employee to partner
  • Create a corporate governance model
  • Make the first merger or acquisition
  • Create a firm brand
  • Open an office in a new geographic market

BNY Mellon's Pershing Advisor Solutions

BNY Mellon's Pershing Advisor Solutions

The Bank of New York Mellon Corporation (BNY Mellon) is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. BNY Mellon delivers informed investment management and investment services in 35 countries. BNY Mellon’s Pershing Advisor Solutions is a leading provider of business management, execution and financing solutions with custody at its core. Its clients are professionally managed, growth-oriented advisory and wealth management firms and institutional providers that serve clients with complex financial lives.

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