Since its announcement of an integrated bank and brokerage custody offering by Pershing Advisor Solutions and BNY Mellon’s Wealth Management Advisor Custody Group in 2013, the business has “continued to grow,” said. Eliminating the need for advisors to choose between custody service models has offered clients more choices, bringing business development, relationship management, client service and technology under one framework, it noted.

Meanwhile, BNY Mellon and Pershing’s joint effort to provide Pershing’s RIA and broker-dealer clients private banking solutions has also hit its two-year mark. This includes securities-based loans, jumbo mortgage loans, commercial real estate loans, life insurance premium financing and other loans.

Family Wealth Report is in touch with Pershing for more details on what clients can expect from the expanded services in 2016.