CAIS, an alternate funding platform that serves unbiased monetary advisors, has expanded its relationship with BNY Mellon’s Pershing, a clearing, custody and wealth administration companies supplier, by making their different funding providing extra cost-efficient.
The CAIS Alts Expertise by means of BNY Mellon’s Pershing supplies advisors who use Pershing’s Various Funding Options by means of the NetX360+ custodial platform entry to over 300 different funding merchandise by way of CAIS — now with no custody or transaction charges for Pershing purchasers’ new and present funds.
“Our expanded collaboration with BNY Mellon’s Pershing creates a extra seamless and cost-effective different funding expertise for taking part purchasers that BNY Mellon’s Pershing and CAIS serve,” mentioned Brendan Cuddihy, CAIS chief working officer. “That is the most recent improvement in our relationship, underscoring our joint dedication to supporting the unbiased advisor.”
The CAIS Alts Expertise by means of BNY Mellon’s Pershing builds on CAIS and Pershing’s present collaboration to assist streamline and automate advisors’ transactions on the CAIS platform, the companies mentioned.
