Arete Wealth Announces Expansion of Clearing and Custody Services with BNY Pershing
Arete Wealth, a leading independent broker-dealer and Registered Investment Advisory Firm (RIA) with over $6 billion in assets under management, has announced the expansion and enhancement of its wealth management platform. The firm has entered into long-term agreements with BNY Pershing, a global provider of financial business solutions, to bolster its clearing and multi-custodial services.
Under the new agreement, advisors at Arete Wealth will gain access to BNY Pershing X’s Wove wealth management platform. This platform is designed to streamline the financial management process for registered investment advisors, broker-dealers, and wealth management firms by consolidating an investor’s complete financial profile in one place. The platform offers various tools such as Wove Investor, Wove Data, and Wove Advisory’s Portfolio Solutions.
Ben Harrison, Head of Wealth Solutions at BNY Pershing, expressed his excitement about the collaboration, stating that Arete Wealth’s decision to utilize the Wove platform is a testament to the strong partnership between the two firms. Joshua Rogers, CEO and Founder of Arete Wealth, also highlighted the benefits of the partnership, emphasizing Pershing’s commitment to innovative technology and high-growth wealth managers.
Arete Wealth, known for its comprehensive wealth management services, supports RIAs, wealth managers, and advisor teams looking for an elevated investing experience. The firm’s alternative investment platform offers a wide range of investment opportunities, including artwork, hedge funds, private equity, and real estate. The collaboration with BNY Pershing is expected to further support Arete Wealth’s growth in these areas.
Founded in Chicago in 2007, Arete Wealth has established itself as a top US independent hybrid broker-dealer and registered investment advisory firm. With over 50 offices nationwide, the firm is recognized for its commitment to providing sophisticated financial solutions to a diverse client base.
BNY Pershing, a subsidiary of The Bank of New York Mellon Corporation, is a global leader in clearing and custody, trading, and investment solutions for wealth management and institutional firms. The company’s partnership with Arete Wealth underscores its dedication to supporting high-growth wealth managers with cutting-edge technology and services.
For more information about Arete Wealth and its partnership with BNY Pershing, visit www.aretewealth.com.
