JERSEY CITY, N.J., June 28, 2016 /PRNewswire/ -- Pershing LLC, a BNY Mellon company, announced today that it has added five new recordkeepers to its Retirement Plan Network. The new additions expand the geographic presence of the platform, furthering Pershing's ability to address the needs of plan advisors across the country. Pershing selected the new recordkeepers due to their strong focus on open-architecture, fee transparency, and fiduciary and practice management capabilities.
The new recordkeeper additions include:
"We are committed to effectively serving the needs of advisors who sell and service retirement plans, so that they can serve their clients efficiently," said Marc Caras, head of Pershing's Retirement Plan Network. "Our team is continuously working to address the needs of advisors and their plan sponsor clients. We expect to continue expanding the network over the next year to include additional recordkeepers, while maintaining strict criteria as our network reaches maturity."
Since last year, Pershing has doubled the number of participating recordkeepers in its Retirement Plan Network. The new recordkeepers join existing firms on the platform which include: 401kDIRECT, Allen Gibbs & Houlik, Aspire Financial Services, Benefit Consultants Group, July Business Services, Sentinel Benefits, and Summit Benefit Solutions. All of the recordkeepers on Pershing's platform emphasize advisor support and provide retirement plan solutions customizable to meet plan sponsor and plan participant needs.
Through the Retirement Plan Network, Pershing is focused on building the industry's leading custody and retirement plan technology platform. The solution serves as a hub that provides advisors access to leading open-architecture solutions that integrate plan recordkeepers, custody, and advisor tools. NetX360® serves as the single point of entry for both retirement plan and individual account servicing.
For more information, visit https://www.pershing.com/what-we-provide/retirement-solutions/retirement-plan-network.
Pershing and its affiliates provide global financial business solutions to advisors, asset managers, broker-dealers, family offices, registered investment advisor firms and wealth managers. A financial services firm located in 23 offices worldwide, Pershing provides business-to-business solutions to clients representing 6 million active investor accounts on the U.S. platform. Pershing affiliates are members of every major U.S. securities exchange, and its international affiliates are members of the Deutsche Börse, Australian Stock Exchange, Irish Stock Exchange, London Stock Exchange and Toronto Stock Exchange. Pershing LLC (member FINRA/NYSE/SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2016, BNY Mellon had $29.1 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on http://www.bnymellon.com/. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
SOURCE BNY Mellon