Jun 14, 2010
JERSEY CITY, N.J., June 14, 2010 Pershing Advisor Solutions LLC, a BNY Mellon company, announced today the availability of a new independent study, Creating Growth: Tuck Ins, Breakaways and Advisor Recruiting Strategies that provides registered investment advisor (RIA) firms with in-depth research and guidance on how they can expand by capitalizing on the trend of advisors moving toward independence.
Creating Growth: Tuck Ins, Breakaways and Advisor Recruiting Strategies highlights the tremendous strategic growth opportunity that these transitioning advisors represent for existing RIA firms. Developed jointly with FA Insight, the report provides proprietary and third party research on the current state of the market and the strategic opportunity in recruiting wirehouse affiliated advisors. It also offers guidance on how to develop a recruiting strategy and effectively onboard and integrate advisors into a practice.
Highlights from the study include:
"Recruiting breakaway brokers can be a powerful growth strategy for RIA firms and this environment has created a tremendous opportunity for them to expand quickly if planned and executed properly," says Mark Tibergien, chief executive officer of Pershing Advisor Solutions. "Whether principals are considering the addition of a new breakaway or upgrading capabilities to support their current team, Pershing Advisor Solutions can provide the tools, resources and consulting to help an RIA firm choose the best path for its business."
To receive a copy of the study, please contact Pershing Advisor Solutions at (800) 445-4467 or via e-mail at pasinformation@pershing.com.
Pershing Advisor Solutions LLC (member FINRA/SIPC) is an affiliate of Pershing LLC and a leading custodian to independent registered investment advisors and dually registered advisors working in conjunction with many of Pershing LLC's introducing broker-dealer customers. Pershing LLC (member FINRA/NYSE/SIPC), a BNY Mellon company, is committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Through an innovative custody platform, Pershing Advisor Solutions delivers superior expertise and scalable and customizable solutions to help independent registered investment advisors manage and grow their businesses. Additional information is available at www.pershingadvisorsolutions.com.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.