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Articles tagged "Pershing"


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Kylen Moran is one of three siblings who are building their career under their father, despite a world of options.

Tom Moran charts own course in moving $4 billion AUM, and family, to Pershing under new RIA, giving Schwab a pass based on TD Ameritrade merger uncertainty

Ten years' Barron's top advisor in Florida, the Wells, then FiNet broker in Naples, Fla. did a classic DIY breakaway of Moran Wealth where rollups, outside capital and outsourcers held no allure -- and Pershing spent the last three months on premises.

August 25, 2022 at 1:55 AM

Ben Harrison's interest-yielding custody fee model could still take off, albeit two years later than planned.

BNY Mellon Pershing's subscription custody plan was scuttled by crashing COVID interest rates, but may get a second wind as rates rise, reviving its play for Schwab/TD Ameritrade RIAs

But offering higher yields to switch may not be enough to lure advisors, who typically keep minimal investments in cash, says one industry expert.

June 25, 2022 at 12:41 AM

Ainslie Simmonds: Success will be a feeling a few years from now among advisors that they wonder why they ever did it any other way.

BNY Mellon uses Pershing INSITE 2022 to let RIAs know it has its own dog in the fight with Pershing X, which BNY owns to sell to Pershing RIAs -- or anybody else

The $474-billion bank's relationship with Pershing just got far more complex as it puts its belief in ringer, Ainslie Simmonds -- who is being given a long rope to tie up loose ends.

June 18, 2022 at 2:29 AM

Mark Tibergien: There were at one time five potential candidates ... [and] these were all qualified leaders with the potential for long-term impact on the company.

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

Ben Harrison: We’re not in any business at Pershing not to be a market leader ... We don’t aspire to be two or three … [and] we’re moving in that direction.

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

Walt Bettinger has a reputation for being a safe pair of hands, but by ignoring crypto-currencies, he's risking getting left behind.

Schwab dismisses crypto currencies as 'speculative' and too insignificant for its RIA platform as rivals stake out turf for the coming boom... or is that bust?

CEO Walt Bettinger spurns growing crypto-custody trend, but observers say the custody giant is sleep walking through innovation while other firms plow ahead.

September 7, 2019 at 4:01 AM

Jim Crowley: 'What is not changing is our strategy.'

In extreme air conditioning, Jim Crowley put industrial strength stamp on Pershing INSITE, but admits his custodian needs to get stronger in end-user software

Pershing COO, who took CEO job in May following Lisa Dolly's abrupt departure, made the event zero in on technology, yet again

June 18, 2019 at 3:35 AM

Lisa Dolly, "dyed-in-the-wool Pershing" declined to explain her departure -- even in the press release.

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

Bill Capuzzi: We’re entering a wealth management pricing war … [and] firms are realizing legacy custodians can’t deliver … [what] they need to remain profitable.

Apex Clearing's Bill Capuzzi is counting on its API edge and model pivot to power past enterprise-level losses and gets vote of confidence from top Pershing poach

The CEO begins to shed image as upstart custodian for the robo first wave and mature. Lucille Mayer and Hannah Grove join from Pershing and iCapital, respectively, to help Bill Capuzzi's firm do just that.

May 7, 2019 at 7:01 PM

SSG software chief Dan Skiles makes his creative contribution to an advisor-crowdsourced painting.

With Pershing as canvas, Dan Skiles and Peter Mangan paint a picture of a budding RIA custodian

Shareholders Service Group has 1,500 RIA firms and counting and displayed a satisfying air of permanence at its San Diego conference

May 1, 2017 at 4:14 PM

Ron Fiske: I thought I’d be there the rest of my career.

Apex Clearing adds Ron Fiske to its Pershing mafia as it plays bigger for emerging asset class -- RIA digital

Fiske departs Envestnet to rejoin Apex CEO William Capuzzi, a former Pershing colleague, to build on Apex 'big league' success as custodian for firms like Betterment and Wealthfront

February 8, 2017 at 10:05 PM

Drew DiMarino: Anytime we get a chance to present to the top advisors, we’ve got a very good chance of winning

eMoney makes its first big enterprise sale as a Fidelity sub-unit by showing a few features and much salesmanship

Though Advicent is being phased out, an analyst says that eMoney and Advicent are more similar than you'd think

July 7, 2016 at 5:14 PM

Evan LaHuta: Is it reasonable to offer this type of discount for new clients, but not your long-term valuable existing clients?

Schwab launches biggest RIA-targeted price war in years -- but TD and Pershing say they won't play along

In what may be a prelude to commission-free RIA custody era, Schwab eliminates equity and ETF commissions for all new clients for a year; Fidelity says it is still cheaper

July 1, 2016 at 8:25 PM

Robb Baldwin: Dealing with advisors who require lots of effort with very little assets, you realize that some of the greatest risk you end up facing is from small advisors.

The non-Big Four RIA custodians, no longer runts but stunted in growth, are applying tougher love to hobbyist RIAs

In part one of a three-part series, we examine how seven small custodians -- starting with Trade PMR and Scottrade -- are evolving away from the Utopian model of 100% inclusivity

June 7, 2016 at 10:14 PM

The author with Mark Tibergien at the Pershing Symposium this week in southern California

After her Stanford B-school classmates rip on FAs at reunion, a stung Min Zhang takes uber north to Pershing RIA event to hear out Kitces, Tibergien and Poirier on the topic

Mark Tibergien, Mike Kitces, Addepar CEO and others in San Francisco show pathway to capturing the hearts and savings of 'bankless' millennials

May 6, 2016 at 9:05 PM

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