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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

Author Dina Hampton July 25, 2011 at 2:21 PM
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Harry Jones: We went through an exhaustive search.

RIA Custodians

Mike Byrnes

Mike Byrnes

July 25, 2011 — 10:11 PM

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

Frederick Van Den Abbeel

Frederick Van Den Abbeel

July 26, 2011 — 1:41 PM

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!

Related Moves

January 19, 2023 at 3:31 AM

Behind the scenes, Ben Harrison's rise to replace Mark Tibergien at Pershing was more shock and awe than a symphonic succession

Harrison's appointment was baked in the cake -- or not -- and Tibergien departed with Swiss-watch precision in Moss Adams-style--or not.

March 13, 2020 at 7:22 AM

Mark Tibergien sets up Ben Harrison to challenge Schwabitrade with a $150 million cut to Pershing's minimum and millions more to develop Veo-busting technology

The CEO suite hand-off in Jersey City pulls a trigger on a plan to bypass Fidelity's and eventually Schwab's custody units by luring disaffected RIAs.

March 11, 2020 at 7:58 AM

What to make of Pershing CEO Lisa Dolly's surprise exit and the sped-up entry of 35-year Pershing veteran Jim Crowley

When Dolly and Lori Hardwick were promoted, bing, bing, in 2016, Pershing experienced a lift but here comes 'charismatic' and 'RIA-familiar' Jim Crowley

May 9, 2019 at 2:18 AM

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