Pershing has expanded the number of annuity carriers on its custodial platform for registered investment advisers to 20 from seven and increased the number of fee-based annuity products offered to 70.
Pershing, a unit of BNY Mellon, also is introducing access to more than 55 carriers for corporate and hybrid RIAs, the company said in a release.
Pershing also will offer an expanded referral program, which will include brokerage general agencies and insurance marketing organization. The company said it will move suitability reviews to those groups, which will allow breakaway teams to move insurance products with them as they transition to independence.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
