CAIS expands alts offering with Pershing with no transaction fees

Advisor-focused alternative investment platform CAIS has announced an expanded partnership with BNY Mellon’s Pershing, opening up access to more alts funds.

It means that advisors using Pershing’s Alternative Investment Solutions through the NetX360+ will have access to CAIS Alts Experience with over 300 alternative investment products available. There are no custody or transaction fees for new and existing funds held by Pershing clients.

“Our expanded collaboration with BNY Mellon’s Pershing creates a more seamless and cost-effective alternative investment experience for participating clients that BNY Mellon’s Pershing and CAIS serve,” said Brendan Cuddihy, chief operating officer at CAIS. “This is the latest development in our relationship, underscoring our joint commitment to supporting the independent advisor.”

It’s the second expansion of the offering following new features such as automated transactions and enhanced search and browse capabilities added last year. The collaboration began in 2020.

NEW PLATFORM

CAIS also recently launched a new SaaS platform to streamline the alternative investment cycle. CAIS Solutions.

The platform includes two technology products that can be used together or separately. CAIS Trade streamlines the alternative investment subscription process, while CAIS Post-Trade scales the operational management of a firm's data and document requirements.

“Wealth management firms that rely on multiple vendors with unconnected technologies risk falling behind in this rapidly consolidating landscape,” said Cuddihy. “Our platform is the only solution integrated with all major custodians, reporting providers, and fund administrators. As a result, our technology empowers advisors to transact, manage, and monitor their fund ideas at scale.”