06.18.25

BNY Pershing Selective in Rolling Out New Fees to RIA Clients

by: Bruce Kelly

BNY Pershing is introducing new fees based on assets to its registered investment advisor (RIA) clients, including a charge on customers’ cash held in accounts of RIAs, according to industry sources. Executives stressed that Pershing is being selective and does not have a one-sized fits all fee schedule for clients, and that the firm is making the fee increases to RIAs on a case-by-case basis.

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