PENNINGTON, N.J., March 23, 2017 /PRNewswire/ -- BNY Mellon's
Albridge today announced that it will provide the newly independent
advisory firm InR Advisory Services LLC (lnR) with its integrated
data aggregation and performance reporting solution: Albridge
Wealth Reporting.
InR's decision to stay on the Albridge Wealth Reporting
platform, as it moves to independence, will allow the firm to have
uninterrupted access to historical client data and enable it to
deliver the seamless, high-quality experience investors have come
to expect from the InR team.
"As we make the transition to independence, it's crucial that
our technology delivers a seamless experience for our clients and
helps power our growth," said Michael B. Glackin CFP®,
AIF®, President of lnR Advisory Services. "Through our
12-year relationship with Albridge as part of a broker-dealer, we
knew it could provide cutting-edge technology that matched our
needs. Our continued partnership with Albridge will allow us to
devote more valuable time to other business areas and, most
importantly, to our clients."
Commenting on the news, Jennifer
Feinerman, Director of Relationship Management at Albridge,
said, "Regardless of the business model our clients may choose to
operate under, our solutions are well positioned to support their
overall success. As firms continue to evaluate their business
models in a shifting landscape, one of their most important
considerations is whether they will have continued access to
historical client data. We work tirelessly to support our clients'
evolving needs, so they can focus on the strategic business
decisions that will help them take their businesses to the next
level."
Albridge is an affiliate of Pershing and Albridge Wealth
Reporting is used by over 80,000 financial professionals at over
140 financial organizations.
Based in Media, PA, InR is a
pension consultant and provider of investment advisory services for
public- and private-sector clients and non-profit organizations. It
provides customized plans for 457, 401(k) and 403(b) plans and
personal investors.
About BNY Mellon's Albridge
BNY Mellon's Albridge
Solutions Inc. is a leading provider of enterprise data management
solutions that deliver a single view of an investor's broad range
of assets. Our proprietary technology consolidates and reconciles
client account and transaction data from hundreds of data sources
representing banking, brokerage, insurance, retirement, managed
accounts and more. Albridge processes this cleansed data and uses
it to power a variety of downstream technology solutions, including
performance reporting, sales practice monitoring, data warehousing,
business intelligence, imaging and workflow. Albridge provides the
foundation for financial organizations to leverage a single source
of information to power a number of mission critical technology
applications. Albridge Solutions Inc. is an affiliate of Pershing
LLC. Additional information is available at albridge.com.
About BNY Mellon's Pershing
BNY Mellon's
Pershing and its affiliates provide advisors, broker-dealers,
family offices, hedge fund and '40 Act fund managers, registered
investment advisor firms and wealth managers with a broad suite of
global financial business solutions. Many of the world's most
sophisticated and successful financial services firms rely on
Pershing for clearing and custody, investment and retirement
solutions, technology, enterprise data management, trading
services, prime brokerage and business consulting. Pershing helps
clients improve profitability and drive growth, create capacity and
efficiency, attract and retain talent, and manage risk and
regulation. With a network of 23 offices worldwide, Pershing
provides business-to-business solutions to clients representing
more than 6 million investor accounts globally. Pershing LLC
(member FINRA, NYSE, SIPC) is a BNY Mellon company. Additional
information is available on pershing.com or follow us on Twitter
@Pershing.
About BNY Mellon
BNY Mellon is a global investments
company dedicated to helping its clients manage and service their
financial assets throughout the investment lifecycle. Whether
providing financial services for institutions, corporations or
individual investors, BNY Mellon delivers informed investment
management and investment services in 35 countries and more than
100 markets. As of December 31, 2016,
BNY Mellon had $29.9 trillion in
assets under custody and/or administration, and $1.6 trillion in assets under management. BNY
Mellon can act as a single point of contact for clients looking to
create, trade, hold, manage, service, distribute or restructure
investments. BNY Mellon is the corporate brand of The Bank of New
York Mellon Corporation (NYSE: BK). Additional information is
available on www.bnymellon.com. Follow us on Twitter @BNYMellon or
visit our newsroom at www.bnymellon.com/newsroom for the latest
company news.
Contact:
Sanuber B. Grohe
+1 (201) 413-2247
sanuberbilguvar.grohe@pershing.com
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SOURCE Pershing LLC