BNY Pershing’s Post

The #wealthmanagement industry has reached “peak advisor” with around 295,000 advisors, according to Jimmy Zhao, CFA, Partner and Head of North American Retirement Practice at McKinsey & Company. This growth reflects new clients seeking advice and current clients entrusting more assets to their advisors. Learn more about this rising demand here: https://ow.ly/5ziI50SFx1B

Enhanced. Flexible. Accelerated. Welcome to a more connected and productive experience for advisors: Wove Advisory. Request a demo here: https://ow.ly/6jy050SEGpJ

After polling over 100 of the industry's top advisors, 45% believe that the industry's organic growth rate will increase 5-10% over the next three years. Find more of our next-level insights here: https://lnkd.in/eYRMzpwc

In more client news today, Osaic one of the nation’s largest providers of wealth management solutions, has renewed its clearing and custody relationship with us. Osaic has been a Pershing client since its founding over 35 years ago and we look forward to continuing to help support Osaic with its asset and account growth strategy.

We marked an important milestone today with our client Arete Wealth, a $6B independent broker-dealer and RIA that is expanding our clearing and custody relationship and adopting our #WovePlatform, including our new suite of Wove products unveiled last month. We look forward to deepening our relationship and continuing to provide Arete Wealth’s advisors with the resources to scale and best serve their clients. Read the news here: https://ow.ly/Tufh50SAufW And read more about the brand-new enhancements to Wove in this Q&A with Pershing X President Ainslie Simmonds: https://ow.ly/vHci50SAue5

The next wave of Wove is here. With Wove Data, advisors can dive deeper into analytics-ready data aggregated from over 300 wealth management feeds. Its cloud-based platform is designed to manage large, multi-custody data sets and gain deeper insights. We're working directly with advisors to focus on specific challenges, needs, and goals to achieve the future of work — “a world with no swivel chair.” Ready to explore the depths of your data? Learn more: https://ow.ly/4bS750SzScR #PershingX #WovePlatform

The future of wealth management is changing for the better: demand for advice is growing, and advisors are evolving to meet clients' needs. Get the top trends, observations and predictions from Ben Harrison, Head of Wealth Solutions at BNY Pershing, and top industry luminaries. https://ow.ly/T3HT50SzNwn

That's a wrap on INSITE 24! Take a look back on our next-level experience in Nashville 🤠 #realinsite