Retirement planning, billing and client onboarding
technologies from each provider will be added to the Wove platform
as part of its core offerings for advisors
NEW
YORK, June 7, 2023 /PRNewswire/ -- BNY Mellon's
Pershing X, a technology provider within BNY Mellon | Pershing
(NYSE: BK), announced collaborations today with Salesforce, the
global leader in customer relationship management (CRM), PureFacts
and Pontera to provide technologies for advisors on its new wealth
management platform, Wove.
"We designed Wove to be a best-in-class offering for advisors
that integrates the many technology tools they use into a single,
data-driven platform," said Ainslie
Simmonds, President of Pershing X. "This includes
bringing first-rate technologies to Wove from providers known for
their superior capabilities and track record in the
marketplace."
Pershing X will work with the technology providers on the
following services:
- Salesforce Financial Services Cloud will enable Wove
clients to modernize how advisors manage client onboarding and
engagement, and fuel advisor productivity
- PureFacts will be installed as Wove's primary billing
vendor, including access to daily fee reporting and advanced
revenue management and sales performance analytics
- Pontera will integrate its solution into Wove's wealth
reporting offering, allowing advisors to analyze, rebalance and
bill on 401(k), 403(b) and other held-away retirement accounts as a
crucial part of a client's full financial picture
"Collaborations of this level are why Wove stands out in the
market," said Noam Tasch, Head of
Revenue, Pershing X. "The capabilities that Salesforce, PureFacts
and Pontera bring to the platform help support Pershing X's goal of
simplifying, scaling and revolutionizing the wealth management
experience for advisors."
Media Contact
Liz Ozaist
Email: Elizabeth.Ozaist1@bnymellon.com
Phone: +1 347-528-3559
ABOUT PERSHING X
Pershing X is BNY Mellon | Pershing's
start-up business unit focused on delivering the most interoperable
and data-driven suite of advisory tools in the wealth management
industry. Pershing X technology is designed to create an effortless
and intuitive experience that is integrated with multiple leading
custodians. This allows wealth management professionals to focus
their time on the business of advice, not technology, so they
maximize efficiency and optimize the experience for every client.
Additional information is available on pershingx.com.
ABOUT BNY MELLON'S PERSHING
BNY Mellon's Pershing is a
leading provider of clearing and custody services. We are uniquely
positioned to help complex financial services firms transform their
businesses, drive growth, maximize efficiency, and manage risk and
regulation.
Wealth management and institutional firms outsource to us
trading and settlement services, investment solutions, bank and
brokerage custody, middle- and back- office support, data insights
and business consulting.
Pershing brings together high-touch service, an open digital
platform and the BNY Mellon enterprise to deliver a differentiated
experience for every client.
Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company.
With offices around the world, Pershing has over $2 trillion in assets and millions of investor
accounts. Pershing affiliates include Pershing X, Inc. and Lockwood
Advisors, Inc., an investment adviser registered in the United States under the Investment
Advisers Act of 1940. Additional information is available on
pershing.com, or follow us on LinkedIn or Twitter @Pershing.
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SOURCE Pershing, LLC