Pershing clients can now access the company’s new NetXServices API store, which offers the entire BNY Mellon library of APIs. These will be available to both technology providers and to clients who want to create their own integrations.
The first wave of integrations through the API store has begun with digital advice providers Jemstep, Marstone, SigFig and Vanare.
Pershing’s enhancements also include a redesigned series of wealth reports and additional integrations with CRM providers.
TCA Launches Small-Cap PE Fund
International specialist finance and advisory firm TCA Fund Management Group Corp. is launching a small-cap private equity fund to invest in underserved, growth-stage companies in the U.S. and U.K.
The Opportunities Fund I will target 15 to 20 companies with a U.S.-dollar-based vehicle that makes investments in the $5 million to $15 million range.
In explaining the need for the new fund, TCA cites U.S. census data that shows there are more than 28 million small businesses with revenues between $25 million and $150 million falling short of the capital requirements they need to get financing from conventional financiers like banks, traditional private equity and crowdfunding.
Guardian Enhances Whole Life Offerings
New York-based Guardian Life Insurance Company of North America has added two new features to its whole life insurance offerings to give clients more flexibility.
The “Lifetime Protection Builder” rider helps to bridge the gap between term and permanent life insurance, giving policyholders the opportunity to transition term insurance into permanent insurance at regular intervals.