Pershing grows retirement plan network


BNY Mellon company Pershing LLC has added five new recordkeepers to its Retirement Plan Network. They are:

EPIC Advisors – Rochester, New York;

North American KTRADE Alliance – Plymouth, Indiana;

Oriental Pension Consultants – Boca Raton, Florida;

PenSys, Inc – Roseville, California;

Spectrum Pension Consultants – Tacoma, Washington.

“We are committed to effectively serving the needs of advisers who sell and service retirement plans, so that they can serve their clients efficiently,” said Marc Caras, head of Pershing’s Retirement Plan Network. “Our team is continuously working to address the needs of advisers and their plan sponsor clients. We expect to continue expanding the network over the next year to include additional recordkeepers, while maintaining strict criteria as our network reaches maturity.”

Since last year, Pershing says it has doubled the number of participating recordkeepers in its Retirement Plan Network. The new recordkeepers join existing firms on the platform which include: 401kDIRECT, Allen Gibbs & Houlik, Aspire Financial Services, Benefit Consultants Group, July Business Services, Sentinel Benefits, and Summit Benefit Solutions.

Pershing says it is focused on building the industry’s leading custody and retirement plan technology platform. The solution serves as a hub that provides advisers with access to leading open-architecture solutions that integrate plan recordkeepers, custody, and adviser tools.