Leading independent broker-dealer & RIA
with over $6B in assets under
management expands and enhances its wealth management
platform
CHICAGO, July 12,
2024 /PRNewswire/ -- Arete Wealth, a
full-service Broker-Dealer (BD) and Registered Investment Advisory
Firm (RIA), has announced the expansion of its clearing and
multi-custodial wealth management platform via long-term clearing,
custody, and technology agreements with BNY Pershing, a leading
provider of global financial business solutions.
As part of the agreement, advisors from Arete Wealth will now
have access to BNY Pershing X's Wove wealth management platform,
designed to help registered investment advisors, broker-dealers,
and wealth management firms connect an investor's full financial
picture in one place through offerings such as Wove Investor, Wove
Data, and Wove Advisory's Portfolio Solutions.
"We're proud to be deepening our relationship with Arete Wealth,
a firm whose focus on providing its advisors with the right
resources to scale and serve clients matches our mission to help
advisors help more people," said Ben
Harrison, Head of Wealth Solutions, BNY Pershing. "Their
decision to use our Wove wealth management platform, along with the
new suite of Wove products unveiled just last month, is a testament
to the strong collaboration we've built over the years."
Arete Wealth supports RIAs, wealth managers, and advisor teams
seeking an elevated business experience in investing. In addition
to traditional wealth management products, the firm's bespoke
alternative investment platform currently features more than 60
offerings from dozens of sponsors including artwork, hedge funds,
private equity, venture capital, real estate, and
more. Pershing's suite of solutions will support the firm's
growth across all these areas.
"We are thrilled to collaborate with one of the top providers of
clearing and custody services in the industry," said Joshua Rogers, CEO and Founder, Arete Wealth.
"As we expand and enhance our wealth management platform,
Pershing's commitment to high-growth, sophisticated wealth
managers, along with its focus on innovative technology offerings,
makes them a perfect provider for our elite financial
advisors."
About Arete Wealth
Arete Wealth, Inc. is a remarkably sophisticated financial
services and wealth management firm. Arete Wealth offers expertise
across a wide array of services including investment banking,
managing broker-dealer services, financial and estate planning,
investment advice and asset management, insurance and annuities,
and an art and wine consultancy. The firm delivers financial
solutions via institutional, full-service, and direct-to-consumer
digital investment channels. Arete Wealth's diversified offerings
and unique access to alternative investments, venture capital, and
private equity programs are incomparable in the industry. The
firm's financial professionals are highly ranked within the
industry, serving clients that include high-net-worth individuals,
institutions, other broker-dealers, independent registered
investment advisors, family offices, and sponsors of investment
offerings.
Founded in Chicago 2007, Arete
Wealth has over 50 offices across the country and is consistently
ranked a top US independent hybrid broker-dealer and registered
investment advisory firm, based on growth and revenue. Find out why
the firm is the right fit for refined investing at
www.aretewealth.com.
About BNY
BNY is a global financial services company that helps make money
work for the world — managing it, moving it and keeping it safe.
For 240 years we have partnered alongside our clients, putting our
expertise and platforms to work to help them achieve their
ambitions. Today we help over 90% of Fortune 100 companies and
nearly all the top 100 banks globally access the money they need.
We support governments in funding local projects and work with over
90% of the top 100 pension plans to safeguard investments for
millions of individuals, and so much more. As of March 31, 2024, we oversee $48.8 trillion in assets under custody and/or
administration and $2.0 trillion in
assets under management.
BNY is the corporate brand of The Bank of New York Mellon
Corporation (NYSE: BK). We are headquartered in New York City, employ over 50,000 people
globally and have been named among Fortune's World's Most Admired
Companies and Fast Company's Best Workplaces for Innovators.
Additional information is available on www.bny.com. Follow us
on LinkedIn (link) or visit our Newsroom (link) for the latest
company news.
BNY Pershing (member FINRA, NYSE, SIPC) is a leading
provider of clearing and custody, trading and settlement, advisory
and investment solutions, data insights, business consulting and
other services to wealth management and institutional firms looking
to grow their businesses. For more information, go
to www.pershing.com.
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SOURCE Arete Wealth