BNY

JPMorgan Chase's absorption of First Republic after the 2023 regional banking crisis has finally dealt its last blow to the giant custodian's asset flows.

The American College of Financial Services and RISR are collaborating as a BNY Wealth report showcased the planning complexities of owner succession deals.

Negative net new assets came back to the giant clearing and custody firm in the second quarter, although they weren't as large as in the same period of 2024.

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.

Higher equity values and client activity pushed up the major custodian’s revenue in the second quarter, despite significant headwinds.

The technology debuted at the annual INSITE conference reveals how the firm is looking to expand market share among advisors and fintechs.

“There are a lot of inflationary forces in the market right now as we’re reopening,” says the bank’s head of wealth management.

The bank and asset manager has filed for four exchange traded funds in recent weeks, and its strategy for distribution starts with RIAs.

The self-clearing custodian has unified its broker-dealer and RIA segments under one division at the company.

The partnership sets a new standard in the industry, according to Orion president Noreen Beaman.

While financial advisors may have limited access to offer digital currencies for their own clients, companies are increasingly safeguarding digital assets for institutions.