Pershing Offers RIAs New Practice Management Program

Pershing Advisor Solutions LLC has launched a new program for independent registered investment advisers (RIAs) offering support in the area of practice management, including planning and marketing.
Through the program, Ideas Without Limits, Pershing Advisor Solutions, a division of The Bank of New York Company, Inc., meets with RIA firms one-on-one, then developing and implementing customized solutions to help advisers maximize the growth and profitability of their practices. Issues on which Pershing might provide expertise include: planning for a merger, acquisition or transition, maximizing operational efficiency, and mitigating risk while staying abreast of the rapidly changing regulatory environment.
RIAs have access to a broad array of strategic business and practice management solutions, which range from sophisticated marketing and business consulting to exclusive regional events and educational tools and that leverage experts from both Pershing Advisor Solutions and industry-leading consulting firms, Pershing announced.
Through Ideas Without Limits, advisers get access to: business reviews with Pershing professionals and industry experts; studies that focus on emerging industry trends; workshops during which RIAs get access to industry consultants; client acquisition and retention strategies; and a program called ValueAlliance, which leverages preferred rates and volume discounts on a wide array of third-party products and services, from office services to financial planning software and E&O insurance.
The program was launched as part of a series of eight regional workshops that focused on a recent study by Pershing Advisor Solutions called “Real Deals: Definitive Information on Mergers & Acquisitions for Advisors.’ Attendees at the workshops gained information about advisory firm M&A and an understanding of the real value of their RIA practices, Pershing reported.
For a copy of the Real Deals study or to learn more about Ideas Without Limits, call Pershing Advisor Solutions at (800) 445-4467 or visit