BNY Mellon is making it easier for advisors to deliver comprehensive investment solutions by bundling services from across its leading platforms.
On Tuesday, the firm announced a new offering that brings together a range of investment capabilities from across BNY Mellon's platforms, creating a more streamlined and cost-effective option for advisors.
Drawing from BNY Mellon’s extensive 240-year history in financial services, the unified package integrates the firm’s managed accounts platform, asset allocation and manager selection capabilities, investment management products, and customized tax solutions.
Additionally, it includes the interoperable Pershing X Wove platform, which it unveiled in June last year, along with custody and clearance services provided by BNY Mellon’s Pershing division.
As investors are confronted with increasingly complex challenges stokes demand for holistic financial advice, BNY Mellon’s new bundled offering aims to provide a holistic, simplified investment offering that enables advisors to dedicate more time to their clients.
"The investing ecosystem is more complicated than ever," Stephanie Pierce, head of Dreyfus, Mellon, and BNY Mellon Advisors said in a statement. "We want to be the partner that offers our leading capabilities at scale and, importantly, all in one place.”
“Strengthened by BNY Mellon Advisors, this competitive offering provides a gateway for advisors to meet more of their clients’ unique investment needs and better run their advisory practices,” Pierce said.
Financial advisors, including RIAs, broker-dealers, and banks, can utilize this bundled service at a discounted rate, potentially saving up to 40 percent compared to contracting each offering separately.
Advisors using the BNY Mellon Pershing platform can potentially benefit from more savings, the firm said, with opportunities such as lower fees for custody services when investing through the offerings from BNY Mellon’s investment management arm.
"By bringing together the strength of Pershing’s offerings with Investment Management’s industry-leading products and the expertise of BNY Mellon Advisors, we’re able to offer more value and the full breadth of BNY Mellon’s services to our clients," said Ben Harrison, head of wealth solutions at BNY Mellon's Pershing.
"This latest innovative offering is another great example of how we are uniquely positioned to support clients through every stage of the investment lifecycle," he said.
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.
