BNY Mellon Pershing (“Pershing”) today 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.
Read More: GlobalFintechSeries Interview with Anand Kumar Bajaj, MD & CEO at PayNearby
Pershing has offered access to alternative investments through its Alternative Investment Network1Â for more than 10 years, with registered investment advisor (RIA) balances on the network doubling over the past three years. Â 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 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.”
