BNY

The company "started off the year with a meaningful renewal from Cambridge Investment Research," BNY's chief financial officer notes.

The BNY company unveiled an expanded custodial agreement with a large wealth management client in the fourth quarter, as asset values boosted its results.

The top executive at BNY Mellon's custody and clearing subsidiary sets his sights on enabling advisors to spend less time doing mundane tasks in the "swivel chair" and more working with clients.

Company executives also called attention to the firm's new wealth management system, Wove.

BNY Mellon's chief financial officer said that the custodian nonetheless has some "quite exciting" announcements in the works for later this year.

The giant custodian's parent company, BNY Mellon, is working on how best to help it work together with its other businesses, CEO Robin Vince said.

Despite the impact of slumping stocks and reports of job cuts at its parent firm, rising interest rates boosted the giant custodian's business in 2022.

The BNY Mellon subsidiary and another of the megabank’s units are collaborating on a new retirement tool for six million plan participants.

BNY Mellon CEO Todd Gibbons says the revenue decline reflects business lost in 2021

Two studies point to significant barriers, including jargon and financial advisors who don’t take them seriously.