Category Archives: BNY Mellon | Pershing

Clip: Why Do Advisors Use Alternative Investments?

Clip: Why Do Advisors Use Alternative Investments?

In this clip from our Inside the V(ALT) podcast featuring Amit Khanna of Pershing, LLC, he and Stacy Chitty discuss the reasons advisors are using alternative investments.

(Full episode available to subscribers only)

This podcast is not intended for the general public; it is intended for viewers who are financial professionals that are either registered with FINRA broker dealers or are registered investment advisers. 

Pershing API integrations with CAIS and iCapital Network enhance advisor access to alternative investments

Pershing API integrations with CAIS and iCapital Network enhance advisor access to alternative investments

September 15, 2020

BNY Mellon’s Pershing (“Pershing”) recently announced integrations with CAIS and iCapital Network, the two most prominent alternative investment platform sponsors, through its enterprise-wide Application Program Interface (API) Store. The move underscores Pershing’s commitment to leveraging technology to deliver increased efficiencies and a seamless experience to clients.

Pershing has offered access to alternative investments through its Alternative Investment Network1 for more than 10 years, with registered investment advisor (RIA) balances on the network doubling over the past three years.  Integrations with CAIS and iCapital are expected to contribute to that growth by automating document workflows between these providers and the Pershing platform.

CAIS and iCapital Network provide advisors with access to private equity, private credit, hedge funds and other alternative investments by offering a curated menu of select diligenced products, and providing an end-to-end technology platform and automated operational workflows. With minimums starting as low as $25,000, these platforms provide advisors the opportunity to access sophisticated investment solutions to help advisors meet the needs of high-net-worth investors.

“One of the major barriers to investing in alternatives is the manual steps involved in the process,” said Rob Cirrotti, managing director, Global Strategy & Product Management at BNY Mellon’s Pershing. “As advisors increasingly turn to alternative investments for diversification and uncorrelated returns, we are committed to streamlining the process by making it more digital and more seamless for them so they can drive greater efficiencies.”

Moving forward, advisors will only need to pre-populate required documents—including the Pershing Private Investment Form—on the alternative investment platform where the product is offered. These completed, executed documents will then be automatically uploaded to the Pershing platform, eliminating the need for manual uploads and reducing the potential for human errors. Further, advisors will be able to use e-Signature on Pershing’s required form as part of these integrations.

“We are all about optimizing the client experience on our platform to be simpler and more efficient for advisors,” said Christina Townsend, head of Relationship Management, Consulting, and Platform Strategy for Advisor Solutions at BNY Mellon’s Pershing. “Our intelligently open platform offers advisors a highly curated experience, providing them with seamless connectivity to the most sought-after solutions in the marketplace. Recognizing our clients’ growing demand for alternatives, we will continue to invest in our platform to make these products even more accessible to advisors.”

These integrations with CAIS and iCapital are part of Pershing’s ongoing efforts to deepen its capabilities in the alternative investments space and create an important bridge between RIAs and alternative investment managers as the only RIA custodian that serves both audiences.

“We have a long history of making alternative investments available to advisors on our platform,” added Cirrotti. “We will continue to invest in solutions to meet our clients’ evolving needs and leverage the broad array of alternatives capabilities across our enterprise to provide clients with unique insights.”

1Pershing’s Alternative Investments Network provides advisors with access to over 2,500 alternative investments, including non-traded REITs, hedge funds, private equity, private debt, and managed futures, from third-party platform sponsors.

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, managed account technology and operations 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 offices worldwide, Pershing provides business-to-business solutions to clients representing more than seven million investor accounts globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. Professionally advised managed accounts are offered through its affiliate, Lockwood Advisors, Inc., which is an investment adviser registered in the United States under the Investment Advisers Act of 1940. Additional information is available on, or follow us on Twitter @Pershing.

Pershing’s Alternative Investment Solutions

Pershing’s Alternative Investment Solutions

Broad Selection. Greater Transparency.

Pershing provides a platform accommodating thousands of alternative investments—delivering an enhanced client experience and transparency to provide you with a clear, competitive advantage.

Access a full spectrum of alternative investments on our platform:

• Non-traded REITs
• Hedge funds
• Managed futures
• Funds of hedge funds
• Business development companies
• Private equity

Select from more than 2,500 choices, including fee and no-fee options, to efficiently manage alternative investments in retirement and non-retirement accounts.

Provide liquid alternatives through our Fund Solutions including load and no-load mutual funds as well as ETFs.

Greater Transparency

Pershing’s integrated platform provides a holistic view of alternative investments that allows:

• Alternative allocations within the context of a client’s overall portfolio, as well as across client accounts
• Monitoring enterprise-wide exposure, making it easier to plan for liquidity events and identify new investment ideas
• Consolidated statements and reports displaying a client’s complete financial picture

Powerful Research Tools

Pershing’s Alternative Investment Center—available through NetX360®—makes it easier for you to:

• Screen and filter alternative investments
• Compare and evaluate non-traded REITs
• View research, fund-related news and printable reports
• Access commentary and educational resources from Morningstar® and Blue Vault Partners™

Industry Leader

Pershing has over 20 years of experience in alternative investments and is backed by the expertise of BNY Mellon.


Learn more…

An Influential Fintech Line-Up to Advance New “AltsTech Forum”

An Influential Fintech Line-Up to Advance New “AltsTech Forum”

December 4, 2019 | Blue Vault staff writer

Technology is quickly changing the landscape for wealth advisors who use alternative investments. To truly understand what best-in-class technology has to offer the alternatives investing space, Blue Vault is extremely pleased to add an AltsTech Forum to next year’s sixth annual Blue Vault Bowman Alts Summit.

With an all-star line-up of technology providers already committed to attend* and more on the way, agendas are currently being developed that will break down and prioritize the discussion to the real heart of the issue, which is to create building blocks to advance solutions for wealth advisors needing help with more efficient ways to process alts investments.

Blue Vault is very pleased to have Angie Fisher of CIM Group lead a team of technology specialists to create the value-packed AltsTech Forum agenda.  Securities attorney Kirk Montgomery, KAM, and technology experts Amber Wallner of Black Creek Group and Jeff LaFayette of Bluerock are collaborating with Fisher to tap into the fundamental issues needing to be addressed.

What can you expect? The industry’s most advanced technology professionals have committed to attend and participate by giving presentations and demonstrations about how their tech platforms are delivering real results, making efficiency a top priority.  There will be panel discussions to address the various issues, as well as challenges, currently needing solutions.  The providers will also be exhibiting to further showcase their solutions and answer questions for attendees.    
The AltsTech Forum will be running simultaneously but separately with the traditional product presentation sessions.  Creating dialogue with industry peers and advancing the discussion to find solutions is the purpose of the Forum. 
“We think this dual track creates a much richer environment for the attendees,” said Stacy Chitty, Blue Vault managing partner. “While product presentations are being delivered in one room, tech solutions will be advanced in the other.  We’re excited about the participation commitments we’ve received so far.  While technology has lagged in the alts space in the past, technology cannot be ignored or lag anymore.”
Stay-tuned as we continue to roll out the details of the AltsTech Forum. Follow the latest event happenings via the hashtag #AltsSummit2020.

*As of December 4, the following professional services providers have committed to attend and exhibit at the Summit: AIX, Artivest, Boing Dynamics, BNY Mellon/Pershing, Centersky, Docupace, Envision Financial Systems, iCapital, Riskalyze, SS&C /ALPS, and WealthForge.

In case you missed it, Blue Vault recently hosted a webinar titled, “How is Technology advancing Alternative Investments?” Moderated by Angie Fisher of CIM Group, panelists included Mike Huisman of Envision Financial Systems, Inc., Michael Page of Riskalyze, and Kevin Zwick of WealthForge. To visit that one-hour webinar, click here.