Cathinka Wahlstrom’s Post

How Betterment Is Taking on Schwab and Fidelity Known for its retail trading platform, Betterment $36B AUM (robo-advisor platform) has made advisors a core pillar of its business model. According to Cerulli Associates, Charles Schwab and TD Ameritrade, BNY Mellon’s, and Fidelity Investments collectively accounted for 84% of the total independent and hybrid RIA assets under custody in 2021. 7 years ago Betterment launched an end-to-end custodian (600 wealth management firms) that bills itself as an alternative to larger custodians for RIAs under the $200 million AUM mark. Read on, on how Betterment is competing with the larger players. By Holly Deaton for RIA Intel https://lnkd.in/drsBa4rd

Today, the oldest bank in the US, BNY Mellon, has officially rebranded under a simplified BNY guise. The 240-year-old institution that can trace its roots back to a group that includes Alexander Hamilton among its founders, is undergoing its first rebranding since 2007 when The Bank of New York and Mellon Bank merged to create a financial heavyweight with over $50T in assets across 100 global markets. According to the company press release, "BNY Mellon Investment Management and BNY Mellon Wealth Management will be shortened to BNY Investments and BNY Wealth, and BNY Mellon Pershing will become BNY Pershing. The company's legal parent name will remain The Bank of New York Mellon Corporation." Source: https://lnkd.in/ea4_VN_P To learn more about how Transaction Insights can help you find signals through the noise and stay up to date with the latest developments in your industry, follow the links below 👇 🔗 TransactionInsights.com #Payments #Banks #Banking #Finance #Fintech #Investing #Investments #AssetManagment #Merchants #Ecommerce #Business #Economy #BNYMellon #BNY

BNY Mellon, one of the most storied names in the financial world, has recently undergone a rebranding, emerging as simply "BNY." This change isn’t just a new name—it reflects a deeper transformation aimed at connecting more closely with clients and the evolving market. For centuries, BNY Mellon stood as a symbol of stability and trust in finance, with roots tracing back to Alexander Hamilton’s founding vision in 1784. Now, as BNY, the company embraces a more modern and streamlined identity. This shift is about more than aesthetics; it's about fostering a more personal and agile approach in an ever-changing industry. The rebrand to BNY signifies a commitment to innovation while honoring a rich legacy. By simplifying its name, BNY aims to break down barriers, making its services more accessible and its communication clearer. This move aligns with a broader strategy to integrate technology seamlessly with financial expertise, providing clients with enhanced digital solutions and a more responsive service. In essence, BNY’s rebranding is a pledge to stay at the forefront of finance, meeting clients where they are and anticipating their future needs. It’s a thoughtful evolution, ensuring that while the name has changed, the core values of integrity, excellence, and client focus remain steadfast. #BNYRebrand #BNYMellon #FinancialServices #TechInFinance #FinanceTransformation #investmentbanking #finance #financialnews #FinanceIndustry #BusinessStrategy #CorporateEvolution #TrustAndInnovation #BNYFutureReady

Let’s see BNY’s journey from its inception. BNY Mellon celebrates its 240th anniversary. From its inception to becoming a global leader in investment management and investment services, BNY Mellon’s journey mirrors the evolution of the global financial landscape. 1️⃣7️⃣8️⃣4️⃣- BNY Mellon was founded by Alexander Hamilton as Americas first bank.🏦 1️⃣9️⃣5️⃣5️⃣- Enabled access for OTC ADRs. Known for over the counter market of the American Depository Receipts. 1️⃣9️⃣5️⃣8️⃣- Bank let the way for more streamline for bookkeeping practices with the help of its first computer 🖥️ - IBM 650. 1️⃣9️⃣8️⃣5️⃣- Initiated Tri-Party trades. Tri-Party repo reduces the cost funding in order to provide the liquidity from multiple assets type globally. 2️⃣0️⃣1️⃣3️⃣- Linked the access edge portal to Bloomberg to help clients further optimise the collateral management through automated deal matching. 2️⃣0️⃣1️⃣7️⃣- Bank was the first to execute a real time payment using the clearing house network in 2017. 2️⃣0️⃣2️⃣3️⃣- Debuted Wove. Its groundbreaking wealth management platform integrates the technology tools advisor use into single data driven platform. Wove is an industry that enable wealth advisors to seamlessly connect all the components of client’s financial picture in one place. Today, BNY Mellon continues to maintain its commitment to innovation & digital transformation. Leveraging AI & other emerging technologies to enhance its products and services, optimise its operation & empower its employees. BNY Mellon touches approximately 20% of the world’s investable assets. #bnymellon #240years

One thing I’m proud to share about BNY Mellon is our unique vantage point from touching approximately 20% of the world’s investable assets, which gives us valuable insights into the global market. Our latest Alta Report provides an insight into real-money investor positioning as expected rate cuts loom, the potential effects of a weaker dollar on international markets, and how anticipated rate cuts in the U.S., U.K., and Europe are influencing current trends. https://ow.ly/RxHp30szCBp

Interesting paper from BNY Mellon on how continued interest in private markets is helping drive efforts to democratize alternative assets! Check out the paper to better understand the key drivers and potential challenges ahead for alternative asset managers and the industry overall. #BNYMellon #PrivateMarkets #Alternatives https://ow.ly/yqjg30sA5Lo

Very cool post from Jingwei Li / Fidelity International Strategic Ventures with their perspective on the staged adoption of #tokenized securities (full post linked below) 👏👏👏 📌 Why this is pretty awesome 📌 1️⃣ The Fidelity team suggest three stages / operating models: i) In-house / Initial stage, ii) Collaborative / Growth, and iii) Marketplace / Maturity 2️⃣ At the in-house stage, everything is done in-house with centralized systems and standards, leveraging existing client bases and assets to kickstart adoption 3️⃣ At the growth stage, multi-party models start to become more common as opportunities grow; For e.g., multi-dealer platforms such as Marketnode or HQLAᵡ 4️⃣ At the maturity stage, a distributed marketplace and value chain may emerge, where issuers, #investors, and service providers can interact directly (and programmatically?) 5️⃣ The team also proposes three key factors to consider... namely the need for distribution, appropriate business models, and the evolving regulatory / operational landscape 🌍 6️⃣ On paper, broadly agree on their thesis -- and in fact, the 'maturity stage' looks very similar to the traditional finance world today... 7️⃣ ...as financial transactions today rely on various specialized parties, and for the right deal type, can tap onto multiple pools of liquidity across the world... 8️⃣ ...with the key difference being the potential of additional flexibility and functionality via extensive multi-party #connectivity and #standardization 9️⃣ Not sure that the future paradigm will be on public chains -- cheekily suggest that perhaps a DTCC or Euroclear operated Layer 1 might fit the bill better 😉 🔟 PS: The marketplace model suggested is also reminiscent of the work done by Alan Lim's and Nigel Lam's team on #ProjectGuardian -- suggested further read linked below 👇 📸: Fidelity / Fidelity Strategic Ventures The Depository Trust & Clearing Corporation (DTCC) Fidelity Investments

🔹 BNY Mellon has launched the BNY Mellon Floating Rate Credit fund. Read more on Investment Week here http://ow.ly/88H6104V3qW #assetmanagement #investmentstrategy #fixedincome #financialmarkets #interestrates #investmentweek