Pershing Advisor Solutions, a BNY Mellon company, has been recognized as the Best Family Office Service Provider in Client Service by this year's Private Asset Management magazine awards.
Pershing was selected, in part, for its efforts to innovate and expand solutions for its customers. Its new model custodian solution was recognized as helping wealth managers and family offices identify trends, enhance operations and grow revenue, according to Pershing.
"Receiving this distinction from Private Asset Management is an honor and is a meaningful recognition of our unique approach to technology, product innovation and services," said Mark Tibergien, Pershing Advisor Solutions CEO.
"By going beyond high-level guidance and offering actionable information, personalized consulting and ready-to-executive programs, our practice management solutions address the most pressing challenges facing family offices and wealth managers," he added.
The Private Asset Management Awards recognize firms for their exceptional work with high-net-worth individuals, according to the magazine. Nominees are evaluated based on criteria including client acquisition, financial growth, client satisfaction, and innovative products and services.
Pershing is a global provider of financial business solutions to 1,500 institutional and retail financial organizations and independent registered investment advisors.
--Karen DeMasters