Financial Management

BNY Mellon's Pershing X Teams Up with Integrity, Grows Client Base

BNY Mellon's Pershing X Welcomes Integrity as its Latest Client
  • Integrity will leverage the Wove platform to manage over $40 billion in assets through its wealth management network.

  • Pershing X introduced the Wove platform in June, unifying advisors' client tools into a highly data-driven system.

  • Wove, powered by BNY Mellon Investment Management, offers Integrity and clients access to top-tier investment solutions from specialized firms.

BNY Mellon's Pershing X has informed that Integrity Marketing Group, LLC, a prominent insurance and financial services entity, has strategically adopted its Wove wealth management platform to enhance and fortify its operational capabilities.

This strategic initiative will enable Integrity to equip its financial professionals with cutting-edge technology and investment resources, leading to a transformation in its client service approach and ensuring a heightened standard of excellence. With this, clients can anticipate a more robust and all-encompassing financial advisory experience.

Ainslie Simmonds, President of Pershing X, expressed enthusiasm about Integrity's adoption of Wove as a new client and the alignment with their growth strategy using the scalable solution. She further stated that the platform will empower Integrity's insurance agents with a comprehensive toolkit tailored to enhance their wealth management capabilities.

Notably, the Wove platform will grant Integrity's advisors access to extensive third-party models and investment models, including mutual funds and exchange-traded funds, curated by BNY Mellon's Investment Management division, one of the world's largest investment managers. These models will be securely stored on the Wove platform, tailored for optimizing wealth accumulation, retirement income portfolios, and capital preservation. BNY Mellon's Pershing will also provide comprehensive broker-dealer clearing and custody solutions.

Hanneke Smits, Global Head of Investment Management at BNY Mellon, remarked,

This is a great example of how BNY Mellon is bringing the scale of its enterprise together to deliver a combined offering to clients.

[Source – Cision PR Newswire]

In June, Pershing X introduced the Wove platform, representing a pivotal shift as it consolidates advisors' client tools into a sophisticated, data-driven system. Integrity is poised to leverage the capabilities of the Wove platform to manage an extensive asset portfolio exceeding $40 billion through its expansive wealth management network.

Meanwhile, Bryan W. Adams, Co-Founder and CEO of Integrity, also expressed his excitement about collaborating with BNY Mellon, which offers a distinctive range of solutions. This encompasses access to the Wove platform and personalized portfolio offerings.

This transformative partnership between Integrity Marketing Group and BNY Mellon will offer a holistic client experience, encompassing financial prosperity and vital aspects of life, such as health and well-being. Together, the two companies aim to empower clients with comprehensive solutions that facilitate improved financial planning and brighter prospects for the future.

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