Moves
What BNY's Wove move tells custodians about RIA tech priorities
Financial ADVSRRead our full story: BNY sunsets Wove platform as Pershing leadership is reshaped →Even though BNY Pershing executives had previously credited the Wove advisor desktop for helping it win new wealth management custody clients, the megabank said its corporate reshuffling is winning among financial advisors now.
Summary as published by Financial Planning
More on Pershing
Pershing hub →Financial Planning · Oct 22, 11:33 AM ET
As smaller rivals keep quiet, Axos opens up on custody feesRIABiz · Oct 14, 6:10 AM ET
State Street's newly launched Apex-powered RIA custody unit has sizzle and 'wedge' power, especially after Pershing's Wove 'fell flat;' but to avoid fizzling, the power duo needs to steer past divergent 'segment' prioritiesRIABiz · Oct 9, 10:36 PM ET
Pershing reveal of 'Wove' kerfuffle during corporate restructuring last June raises questions about the No. 3 RIA custodian's direction; the task now lies with new RIA head Adam Vos
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