As a part of their pact, Lincoln may even use BNY Mellon Pershing’s NetX360+ custodial know-how platform to assist assist its purchasers with market information, information, analysis, monetary planning and reporting instruments, the corporations mentioned.
Lincoln may even have entry to BNY Mellon Pershing’s NetXInvestor portal that gives purchasers of broker-dealer and registered funding advisor corporations a big number of assets and easy accessibility to account data, the businesses mentioned.
Pershing advisors handle hundreds of thousands of investor accounts totaling over $2 trillion in property. Washington, Pennsylvania-based Lincoln has over 1,000 advisors managing greater than $49 billion in property for over 355,00 particular person buyers.
Noting the 2 corporations have a greater than 25-year relationship, Jim Crowley, international head of BNY Mellon’s Pershing, mentioned in a press release: “The choice to utterly transition their clearing providers to us, in addition to undertake Wove as their wealth administration platform of alternative for his or her advisors, speaks to the mutual belief we’ve got cultivated — and the influence that Wove is already having within the market after debuting in June.”
Financial institution of New York Mellon. Picture Credit score: Bloomberg