BNY Mellon

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  BNY Mellon’s Pershing Fees Help Bank Offset Forex Woes

  By Joyce Hanson, AdvisorOne  |  April 19, 2012

  Higher Q1 2012 clearing services fees at the BNY Mellon unit that includes Pershing Advisor Services helped the bank offset lower trading volumes as the bank fights a number of forex lawsuits.

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  Wirehouses Lose Top Spot in HNW Market for First Time

  By Gil Weinreich, AdvisorOne  |  March 29, 2012

  Wirehouse firms are getting hammered from every direction in the competition to attract high-net-worth investors, a report from the financial services industry research firm Cerulli says.

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  BNY Mellon’s Hoey Sees ‘Global Growth Recession’ for 2012

  By Joyce Hanson, AdvisorOne  |  March 1, 2012

  The world’s markets will see a "global growth recession" as economies tend toward monetary easing and low interest rates that aren't yet inflationary, says BNY Mellon's Richard Hoey.

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  Pershing Parent BNY Mellon Settles Probe for $1.3 Million

  By John Sullivan, Advisorone  |  December 22, 2011

  The investigation dealt specifically with one of the company's subsidiaries, Mellon Financial Markets (now BNY Mellon Capital Markets).

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  New Hire Roundup: Horan Goes to Chilton, Pan Moves Up at SEC, CFP Board Gains Myers

  By Marlene Y. Satter  |  December 8, 2011

  This week in new hires, Timothy Horan moved to Chilton Private Clients, with a team of four; Eric Pan joined the SEC; Roger C. Myers, Jr. was named CFO at the CFP Board; and Neuberger Berman added four new wholesalers.

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  Wealthcare Welcomes Len Reinhart to Board

  By Marlene Y. Satter  |  October 25, 2011

  Wealthcare Capital Management announced Tuesday that Len Reinhart, the former president and founder of the Lockwood family of companies, will join the firm’s board of directors.

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  Q3 Earnings: BNY Mellon’s Pershing Unit Does Better Than Bank

  By Joyce Hanson, AdvisorOne  |  October 19, 2011

  Pershing Advisor Services, the RIA custody and BD clearing business of Bank of New York Mellon, outperformed its parent in Q3 2011, reporting a year-over-year rise in profits of 17.9% versus profits of just 4.7% for the larger bank.

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  Ex-Lockwood Execs Form Palladiem to Compete in SMA Market

  By James J. Green, AdvisorOne  |  September 6, 2011

  Lockwood Co-Founder Robinson to head new company, bringing with him top managers from the Pershing affiliate.

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  Hassell Takes BNY Mellon Reins as CEO Kelly Steps Down

  By James J. Green, AdvisorOne, Marlene Y. Satter  |  September 1, 2011

  Long-time veteran will succeed Kelly following management differences with board

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  Q2 Earnings: BNY Mellon Profits Rise Nearly 12% as Pershing Revenue Stays Flat

  By Joyce Hanson, AdvisorOne  |  July 19, 2011

  Bank of New York Mellon reported profits of nearly 12% in Q2 2011, but the Pershing RIA custody unit's revenues were flat.