iCapital Network, the leading financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, announced an enhanced technology integration with BNY Mellon’s Pershing (“Pershing”) that will simplify the process for advisors accessing alternative investments.
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Enhanced technology integration between @icapitalnetwork and @Pershing streamlines alternative investing experience for advisors
Pershing provides broker-dealers and registered investment advisors (RIAs) with a suite of global financial business solutions, including alternative investments via Pershing’s Alternative Investment Network.
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This latest digital enhancement will streamline workflows for Pershing custody accounts via automated document uploads when advisors process subscriptions for alternative investments such as private equity, private credit, hedge funds, and real estate on behalf of their clients. It will also enable the digital transmission of Pershing private investment forms, eliminating the need for advisors to upload forms manually. These enhancements along with the e-signature and e-delivery aspects of the integrated investment process provide efficiencies that add meaningful ease to the investment process.
“We are excited to take this next step with Pershing and provide additional automation for advisors. Our clients have found the paperless, digitally enabled aspects of the iCapital offering to be an advantage in their efforts to ensure the continuity of their business during this critical time,” said Tom Fortin, Chief Operating Officer and Managing Partner of iCapital Network. “We have a shared commitment to ensure that the many advisors who custody with Pershing have the most innovative technology options at their disposal when accessing alternative investments on behalf of their clients.”
