Alternatives Diversify Portfolios, But Some Advisors Still Wary
The majority of advisors intend to continue recommending alternative investments over the next year, yet believe the asset class has underperformed since the economic crisis according to a new Pershing study, Help or Hype: Advisor Perceptions of Alternative Investments.
BNY Mellon has been ranked as the top mutual fund service provider in 10 categories in the 2015 Mutual Fund Service Guide. This year's guide ranked BNY Mellon as the top service provider for subaccounting, full-service transfer agency, and custody services, among other distinctions.
UpPrize, the BNY Mellon Social Innovation Challenge, has selected eight finalists, who will pitch their ideas to a panel of nationally-recognized judges for an opportunity to win $800,000. UpPrize is a partnership between BNY Mellon, the BNY Mellon Foundation of Southwestern Pennsylvania and The Forbes Funds.
Pershing Study Finds Advisors Split on the Impact of Robo-Advisors
According to a study released at Pershing's INSITE™ 2015 conference, advisors are fairly evenly divided between viewing digital advisors, also known as robo-advisors, as competition or irrelevant to their business.