What headway Pershing's RIA unit is making after four years under Mark Tibergien
98 RIAs joined the Jersey City custodian in 2010, up from 35 RIAs in 2009 and 24 in 2008
Mike Byrnes
Mark Tibergien is one of the industry’s best leaders and this article is evidence that his leadership is paying off!
Mike Byrnes, President
Byrnes Consulting, LLC
http://byrnesconsulting.com/
http://twitter.com/ByrnesConsultin
Frederick Van Den Abbeel
Almost all RIAs require bank custody solutions,” he said. “There are certain reasons – some regulatory – why end clients require a bank custodian rather than a brokerage custodian. We’re a brokerage custodian owned by a bank.”
I agree with Mr. Tibergien quote above for the same reason TradePMR’s custody services have selected to partner with First Clearing LLC / Wells Fargo Bank.
Many of the Wirehouse Advisors for the longest time are able to leverage both bank, trust and traditional investment services and for RIAs to compete — such capabilities are essential.
Wonderful article!
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