BNY Mellon's technology development group Pershing X has announced the launch of a new wealth management platform for financial advisors.
Firm leaders, led by Pershing X President Ainslie Simmonds and BNY Mellon CEO Jim Crowley, made the announcement during the opening day of Pershing's Insite conference in Orlando.
They said the new platform, called "Wove," will allow wealth advisors to seamlessly connect all the components of a client's financial picture in one place by integrating a variety of technology tools advisors use into a single, data-driven platform.
"The Wove platform is unique because it has the power, scale and security of BNY Mellon behind it," Crowley said. "By leveraging the breadth of innovation from across the firm to create Wove, we are able to provide advisors with seamless technology and best-in-class investment tools to help revolutionize how they serve their clients."
As part of its Wove debut, Pershing X also announced that BNY Mellon Advisors Inc. will deliver investment solutions through the new platform by using an in-house team of senior investment professionals from across BNY Mellon.
