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BNY Mellon's Pershing Enhances its Retirement Plan Network with the Addition of Third-Party Model Providers

Platform will feature investment models from 3D Asset Management, Efficient Market Advisors, Morningstar Investment Services, Inc., and Wilshire Associates Incorporated

Pershing LLC, a BNY Mellon company, today announced it has added four third-party model providers to its Retirement Plan Network, a platform that provides advisors with tools, solutions and technology to service their retirement plan business. The model providers added to the platform include 3D Asset Management, Efficient Market Advisors, Morningstar Investment Services, Inc. and Wilshire Associates Incorporated.

The new model provider additions provide a diverse menu of goals-based and target-date models. Each manager was selected for its unique perspective on model construction and management.

"We are personally invested in the success of our clients' business in the retirement space and are continuously enhancing our platform to respond to their evolving needs," said Marc Caras, director of Pershing's Retirement Plan Network. "The addition of third-party model providers gives plan advisors a broad selection of professionally managed investment models to meet the varying needs of plan sponsors and their participants. With access to more robust investment options, plan advisors and sponsors will be better equipped to help plan participants achieve their desired retirement outcomes."

In addition to providing professionally managed investment options, Pershing's Retirement Plan Network features Retirement Model Manager for plan advisors who wish to manage their own investment options. Through this new manager, advisors can create and manage models— which they can deliver across recordkeepers and plans— without having to log into separate systems.

Retirement Model Manager, and the addition of four model providers, builds on a host of other resources already available on Pershing's Retirement Plan Network. Other solutions available on the platform include an integrated network of independent recordkeepers, investment products, retirement plan tools and practice management solutions. Pershing plans to add more recordkeepers and third-party model providers to the platform in the future.