Pershing executives joined virtually with several key clients for the first meeting of the Institutional Client Advisory Board (iCAB). This iCAB was created to provide institutional clients with a forum for discussing industry trends and sharing their business innovations and challenges, while also directly informing Pershing’s strategic direction.
When we polled members on issues they face, rising costs, regulation, technology, market consolidation were important, though many members also cited “other challenges” in their response. This intriguing “other” category formed the heart of the board’s discussion. Here is what we learned.
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.