Ainslee Simmonds is out as the unit's head; four further BNY Pershing executive changes were recorded the same day, according to our tracking.
Adam Vos is taking over BNY Pershing's RIA custody unit, moving across from the firm's corporate side; Ainslee Simmonds is out as the unit's head.
Pershing has withdrawn its Wove advisor platform.
Four further BNY Pershing executive changes were recorded the same day, according to our tracking.
Reported by PWD Editors from PWD coverage: Adam Vos takes BNY Pershing's RIA custody unit as Wove is withdrawn and PWD tracking. Published . Corrections
Adam Vos moves from Pershing's corporate side to run the unit, Ainslee Simmonds is out, and tracking logs four more BNY Pershing executive changes the same day.
Adam Vos, from Pershing's corporate side, now heads the unit, RIABiz reports.
The custodian says advisors will get a unified wealth offering with custody from BNY or a custodian of their choosing, and it will not say how many advisors use Wove today.
Credit interval fund repurchases absorbed 79% of gross sales, and credit tender-offer fund net sales fell 15% to $1.8 billion, Stanger data show.
Louis Diamond says paying a group to stay before it leaves differs from deferred compensation, and other firms may follow.
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