Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:At Pershing, Will Jeter Trump Bernanke and Albright? Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 05, 2015

At Pershing, Will Jeter Trump Bernanke and Albright?

News summary by MFWire's editors

Financial advisors, fundsters, and other industry insiders are on the edge of their seats this morning awaiting the closing speaker at Pershing's 2015 INSITE advisor conference. At 11am, retired Yankee's shortstop Derek Jeter is slated to share his remarks and close out the conference.

Derek Sanderson Jeter
New York Yankee's
Former Shortstop
Pershing (BNY Mellon's RIA- and broker-dealer-focused clearing and custody giant) gathered about 2,000 people this week for the conference, held in Orlando, Florida. The baseball superstar isn't the only headliner: former U.S. Secretary of Defense Leon Panetta spoke on Wednesday, and former U.S. Secretary of State Madeline Albright is slated to speak this morning (before Jeter). The star speaker so far was former Federal Reserve Chairman Ben Bernanke; word among attendees is that Bernanke was witty and interesting, though he talked not about current events but about the financial crisis of six years ago.

Ben Shalom Bernanke
Federal Reserve
Former Chairman
The Pershing team unveiled their alliance with Marstone to create an FA-friendly robo advisor, news that FA magazine and InvestmentNews both picked up on. Pershing Advisor Solutions CEO Mark Tibergien also talked to WealthManagement.com about the robo advisor threat.

The Pershing team also unveiled a "digital enablement strategy", picked up on by WealthManagement.com.

And, as noted by InvestmentNews, Pershing CEO Ron DeCicco highlighted the strong growth of the RIA business (vs the traditional B-D business). The trade publication says that Pershing now serves 811 B-Ds and 562 RIAs, and notes that the RIA unit (Advisor Solutions, led by Tibergien) has grown to $160 billion in assets under custody, up from $30 billion seven years ago. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use