Integrity will use the firm's new Wove wealth management
platform to help its network of wealth management professionals
manage more than $40 billion of
assets.
NEW
YORK, Oct. 4, 2023 /PRNewswire/ -- BNY Mellon's
Pershing X (NYSE: BK) announced today that Integrity Marketing
Group, LLC ("Integrity"), a leading insurance and financial
services firm, has selected the firm's Wove wealth management
platform to support its wealth management business.
Integrity is a leading distributor of life and health insurance,
and provider of innovative solutions for wealth management and
retirement planning. The firm has a nationwide network of over
550,000 insurance agents, registered investment advisors,
registered representatives and other wealth management
professionals.
"We are thrilled to welcome Integrity as a new Wove client and
support their growth strategy with our scalable solution," said
Ainslie Simmonds, President,
Pershing X. "This speaks to the value Wove offers to the
marketplace. Our platform will aid Integrity's insurance agents by
equipping them with a toolkit designed to help them expand their
wealth management capabilities."
The Wove platform was released in June by Pershing X and
seamlessly integrates the many tools advisors use when working with
clients into a single, highly data-driven platform.
Integrity will have access to solutions from across the BNY
Mellon enterprise, enabling the firm to provide its financial
professionals with the latest technology and investment tools to
help revolutionize how they serve clients. For example,
the Wove platform will give Integrity's advisors access to
in-depth third-party models, as well as mutual fund and
exchange-traded fund models created by BNY Mellon's Investment
Management business, one of the world's largest investment
managers. The models—designed to optimize wealth accumulation,
retirement income portfolios and capital preservation—will be
stored on the Wove platform. BNY Mellon's Pershing will also
provide a full set of broker-dealer clearing and custody
solutions.
"This is a great example of how BNY Mellon is bringing the scale
of its enterprise together to deliver a combined offering to
clients," said Hanneke Smits, Global
Head of Investment Management, BNY Mellon. "Wove is the only wealth
management platform powered by BNY Mellon Investment Management,
giving clients like Integrity access to institutional-quality
investment solutions from our specialist investment firms."
"We are excited to collaborate with BNY Mellon to provide our
agents and advisors a unique set of solutions, including access to
the Wove platform and personalized portfolio offerings,"
said Bryan W. Adams,
Co-Founder and CEO, Integrity. "This transformative
collaboration between Integrity and BNY Mellon is designed to
provide a more holistic life, health and wealth experience for our
clients, so they can help more Americans plan for the good days
ahead."
Media Contact
Pershing/Pershing X
Liz Ozaist
Email:
Elizabeth.Ozaist1@bnymellon.com
Phone: +1
347-528-3559
Investment Management
Anneliese Diedrichs
Email: anneliese.diedrichs@bnymellon.com
Phone: +44 7930 135 524
Integrity
Anne
Wood
Email:
Anne.Wood@integritymarketing.com
Phone: +1 801-497-6365
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, or one of our affiliates,
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 BNY Mellon
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.
ABOUT PERSHING X
Pershing X, Inc. is a technology provider focused on delivering the
most interoperable and data-driven suite of advisory tools in the
wealth management industry. Pershing X technology, including the
Wove platform, is designed to create an effortless and intuitive
experience that allows for integration with multiple leading
custodians. This allows wealth management professionals to focus
their time on the business of advice, not technology, in order to
maximize efficiency and optimize the experience for every client.
Investment advisory solutions, if offered, may be provided by BNY
Mellon Advisors, Inc., an investment adviser registered in
the United States under the
Investment Advisers Act of 1940 or one or more affiliates of BNY
Mellon. Pershing X is an affiliate of Pershing LLC, each BNY Mellon
companies. Pershing and Pershing X do not provide investment
advice. Additional information is available on
pershingx.com.
ABOUT INTEGRITY
Integrity, headquartered in
Dallas, Texas, is a leading
distributor of life and health insurance, and provider of
innovative solutions for wealth management and retirement planning.
Through its partner network of over 550,000 agents and advisors,
Integrity helps millions of Americans protect their life, health
and wealth with a commitment to meet them wherever they are — in
person, over the phone and online. Integrity's cutting-edge
technology helps streamline the insurance and financial planning
experience for all stakeholders. In addition, Integrity develops
products with carrier partners and markets them through its
nationwide distribution network. In 2022, Integrity helped carriers
place over $22 billion in new
insurance sales and oversaw more than $40
billion of assets under management and advisement through
its RIA and broker-dealer platforms. For more
information, visit
www.integritymarketing.com.
ABOUT BNY MELLON INVESTMENT MANAGEMENT
BNY Mellon
Investment Management is one of the world's leading investment
management organizations, encompassing BNY Mellon's affiliated
investment management firms and global distribution companies. BNY
Mellon is the corporate brand of The Bank of New York Mellon
Corporation and may also be used as a generic term to reference the
corporation as a whole or its various subsidiaries generally.
This press release is issued to members of the press and media
and the information contained herein should not be construed as
investment advice
or a recommendation of any investment
strategy. It does not constitute an offer or solicitation of
securities or investment services or an endorsement thereof in any
jurisdiction or in any circumstance in which such offer or
solicitation is unlawful or not authorized.
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SOURCE BNY Mellon