News, Vision & Voice for the Advisory Community


INSITE 2014 unveils wired body armor for the advisor of the future as it rolls out a slew of NetX360 upgrades

Mark Tibergien delivered a personal challenge to advisors at the overflowing South Florida Pershing confab as INSITE announces plans to shift ground in '15

Author Guest Columnist Timothy D. Welsh June 9, 2014 at 3:45 AM
no description available
Ram Nagappan: Everything has a computer inside it, so the goal is to find simple ways to send data that is contextual.




Bob Nagappan

Bob Nagappan

June 10, 2014 — 4:57 PM

And this, right here, is the problem with Pershing. Rather than fix the hot mess that is NetX360—a dated, fat, windows-based piece of desktop software that has a user interface that only Rube Goldberg could love and integrations from the late 90s—they spend time and money on garbage like “Google Glass based wearable workflow” and actually pat themselves on the back with how clever they are.

News flash: your innovation only matters in as much as it helps my practice. Pershing is in dire need of technology leadership that recognizes technology is a business enabler, not a playground for engineering geeks with too much time on their hands.

Fix your core problems first, then we can all have fun.

Stephen Winks

Stephen Winks

June 10, 2014 — 8:23 PM

The missing link is not technology for the sake of technology but expert prudent process (asset/liability study, investment policy, portfolio construction, monitoring and management) authenticated by statute that constitutes professional standing which gives advisors control over their value proposition, cost structure, margins and professional standing. The focus has to be substantive and meaningful in terms advisors appreciate such as how does Pershing make expert advice safe, scalable easy to execute and manage as a high margin business at the advisor level at lower cost to the consumer but better compensation to the advisor than to the broker who sells advice products.

Accountability and responsibility for recommendations in the consumers best interests at lower cost and better compensation, trump Google Glass as Google Glass is at best tangential where expert authenticated prudent process is essential to professional standing, the trust of the investing public and achieving scale and attractive margins in advisory services.


Related Moves

September 8, 2023 at 11:58 PM

Pershing restores Ben Harrison as sole heir to Mark Tibergien -- for now -- but solo tenure may be temporary, with other top talent in the wings

Co-Head Maura Creekmore's departure leaves Harrison at the top by default, but the company is mum on future hiring and how much RIA autonomy gets sacrificed in name of 'convergence.'

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

See more related moves

Mentioned in this article:

CRM Software
Top Executive: Greg Friedman

Finetooth Consulting
Consulting Firm
Top Executive: Ryan Shanks

Technology Tools for Today
Consulting Firm
Top Executive: Joel Bruckenstein

ECHELON Partners
Consulting Firm
Top Executive: Daniel Seivert

FA Match
Consulting Firm, Specialized Breakaway Service, Recruiter
Top Executive: Ryan Shanks

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings

Common Tags

Recent Articles

Popular Writers

RIABiz logo


About Us




RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.