JERSEY CITY, N.J., Aug. 21, 2012 /PRNewswire/ -- Pershing LLC, a BNY Mellon company, announced today that it has further enhanced its Trust Network with the additions of BOK Financial and Independent Trust Company of America. Trust Network is Pershing's open-architecture platform that enables its introducing broker-dealer and independent registered investment advisor (RIA) customers to offer their clients a wide range of personal trust services and solutions from industry leading trust companies.
"Investment professionals today serve a variety of clients, all of whom have diverse needs. Because trusts are among the most important wealth management tools, it remains crucial that advisors continue to have the flexibility to offer the trust administration that is specific to client requirements," said Tom Sholes, head of product management and development for Pershing. "The additions of BOK Financial and Independent Trust Company of America not only further enhance our platform of solutions, but also demonstrate our continued commitment to providing our customers with the widest array of choices to serve their clients and grow their businesses."
BOK Financial Corporation is a $26 billion regional financial services company based in Tulsa, Oklahoma. Advisor trust services are offered through its national bank affiliate, BOKF, NA, which works nationwide with more than 125 trust officers and provides personalized trust services. Independent Trust Company of America was founded by Santa Fe Trust, one of the first trust companies to work exclusively with financial advisors. Independent Trust Company of America continues in the tradition of helping advisors successfully service trust clients throughout the country with all of the additional benefits of a South Dakota charter.
Launched in 2008, Pershing's Trust Network capabilities include full trustee services and administrative trustee services. The platform enables Pershing's customers to perform investment management activities for their clients' trust accounts with all related assets held in custody at Pershing. Trust Network is available to Pershing's introducing broker-dealer customers through Pershing LLC and RIAs via Pershing's affiliate, Pershing Advisor Solutions LLC.
Pershing LLC (member FINRA/NYSE/SIPC) is a leading global provider of financial business solutions to more than 1,500 institutional and retail financial organizations and independent registered investment RIAs who collectively represent approximately 5.5 million active investors. Located in 23 offices worldwide, Pershing and its affiliates are committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Pershing is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Borse, Australian Stock Exchange, Irish Stock Exchange, London Stock Exchange and Toronto Stock Exchange. Pershing LLC is a BNY Mellon company. Additional information is available at www.pershing.com.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.
SOURCE BNY Mellon