- RIAs that use BNY Mellon’s Pershing will now pay for the custodial services via subscriptions and zero-transaction-fee pricing.
- Wealthify’s Money Dashboard now allows users to view the details of their investment accounts.
- DPL Financial Partners agrees to give advisors at FormulaFolios, WealthSource Partners and Mutual Advisors access to its network.
- AssetMark has bought OBS Financial from Canandaigua National Corp.
- InvestCloud launches an InvestCloud White platform for wealth management and TAMPs.
- Broadridge Financial Solutions, Inc. has completed its previously announced acquisition of FundsLibrary.
- Mariner Wealth Advisors will acquire the assets of Wealth Health, LLC.
BNY Mellon
BNY Mellon’s Pershing says it will now give RIAs two more ways to pay for its custodial services: subscriptions and zero-transaction-fee pricing. Its subscription model starts at $25 a month per investor client, with fees tiered to the client’s asset level, while the zero-commission model is tied to a low-yield cash sweep program and is aimed at investors with portfolio concentrated in stocks and ETFs.
Wealthify
Money Dashboard, the free personal finance app has released an integration with robo-investor Wealthify, enabling users to view the details of their investment accounts alongside the other current, credit and savings accounts they hold.
DPL Financial Partners
Fee-only advisors at FormulaFolios, WealthSource Partners and Mutual Advisors will now have access to the DPL Financial Partners network, a result of agreements formed by DPL with the three enterprises. More than 800 firms are now on the DPL network, according to the firm, and represent more than $160 billion in assets.
