BNY

From digital-tool adoption to changing client conversations, industry insiders discuss the pandemic’s impact on wealth management.

Citing strong client demand, the nation's largest custody bank is building infrastructure and a team that can help clients store and manage bitcoin and many other types of virtual currency and tokenized assets.

BNY Mellon’s custodian is growing, even as it loses some major clients amid industry consolidation.

The bank allegedly made “hundreds of millions of dollars” by investing client assets in underperforming proprietary and affiliated funds without disclosing conflicts to clients.

BNY Mellon’s CEO also sees a distribution opportunity for the company’s proprietary funds.

The custodian’s NetX360 desktop now supports biometric authentication.

New digital integrations with CAIS and iCapital make it easier for independent advisors to access private equity and hedge funds.

The firm's new suite of eight low-cost ETFs include two funds that are no-fee.

The clearing and custody giant isn’t saying which company paid it a notable breakage fee this quarter.

The ETF’s debut marks the first big entrant into the zero-cost space with the potential to shake up products from BlackRock, State Street and Vanguard.

The major custodian lost its second arbitration case — with even more filings likely — over the services it provided to a brokerage later proved to be engaged in massive fraud.

Charlie Scharf’s most immediate priorities include mending fences with regulators and getting the bank out from under a Fed-imposed asset cap.

Charles Scharf will replace interim chief Allen Parker at the bank.

Some banks are setting up their own parallel digital banks, while others form innovation labs. Roman Regelman says BNY Mellon is transforming the entire institution.

Shannon Kennedy will lead a global expansion of the unit, with a team of more than 200 people.

After a reboot in its tech strategy, the RIA custodian is “redesigning every aspect of the advisor experience,” it says.

Revisiting his predictions from 2017, he doubles down on the importance of firms adapting to embrace industry trends — and offers some new forecasts.

The mutual funds and ETFs that ranked at the bottom of the sector still benefited from a “long-running bull market,” an expert says.

The fund aims to undercut its cheapest competitor by 1 basis point.

Name changes are coming to 94 of the firm’s long-term mutual funds.