BNY Introduces Alts Bridge to Enhance Alternative Investments
BNY Launches Alts Bridge to Transform Investment Access
In an exciting move to broaden perspectives in alternative investing, BNY Mellon Corporation, known commonly as BNY, is unveiling its new platform, Alts Bridge. This innovative solution aims to provide wealth intermediaries, advisors, and investors with a fully integrated array of tools and resources that cover every aspect of the alternative investment lifecycle.
A Comprehensive Solution for Advisors and Investors
Alts Bridge is designed to integrate seamlessly into existing systems used by wealth intermediaries, launching first with BNY Pershing X’s Wove advisory platform and NetX360+. The platform employs state-of-the-art AI and analytics technologies, minimizing manual processes and the potential for errors, hence making it a potent tool for advisors, investors, and home offices.
Access to a Diverse Range of Alternative Products
This platform will make available a broad spectrum of products from prominent alternative and private market asset managers worldwide. Key partners include recognizable names such as 26 North, Apollo, Goldman Sachs, Invesco, and several others contributing to the expanding growth and diversification of investment options available to clients.
Bridging the Gap Between Demand and Access
Despite the overwhelming interest from advisors, with 90% aiming for 10-15% portfolio allocations toward alternatives, current investment levels remain frustratingly low, typically in the single digits. According to reports, global alternative assets under management are anticipated to hit an impressive $24.5 trillion by 2028, showcasing a robust annual growth rate, underscoring the increasing appetite for diversity in investment portfolios.
“Our commitment is evident; through Alts Bridge, we will forge connections across the financial ecosystem making access to alternatives simpler and more efficient,” remarked Akash Shah, Chief Growth Officer at BNY. This focus is vital as the platform aspires to lessen the burdens advisors face when venturing into private market investments.
Enhancing the Investment Process
The features embedded within Alts Bridge focus on improving the entire investment journey, encompassing phases like pre-trade, at-trade, and post-trade processes. These features will include tools for advisor education, fund discovery capabilities, and resources for portfolio management, which all contribute toward smoothing out the complexities often associated with alternative investments.
Empowering Advisors with Reliable Tools
Advisors have long reported their desires to engage more with alternatives, citing various operational constraints as barriers. David Moss, BNY’s Head of Alts Bridge, emphasizes that this platform is built specifically to address such longstanding operational challenges, allowing advisors to focus on serving their clients better while gaining access to a broader assortment of investment opportunities.
Ready for Market in 2024
Scheduled for rollout in the fall of 2024, Alts Bridge will first be accessible to U.S. Registered Investment Advisors (RIAs) and Independent Broker-Dealers (IBDs), putting an innovative investment experience into the hands of financial professionals eager to enhance their service offerings.
As BNY enters this new venture, they continue to solidify their position in a highly competitive market, suggesting promising growth for both the organization and its clients. Building on over 240 years of trusted experience, BNY remains steadfast in helping investors navigate increasingly complex financial landscapes.
About BNY Mellon
BNY is a globally recognized financial services firm committed to managing, moving, and safeguarding assets for diverse clientele. As of mid-2024, BNY oversees an astounding $49.5 trillion in assets under custody and administration, along with $2.0 trillion in assets under management. With a workforce of over 50,000 employees, BNY’s resolve to serve its clients positions it at the forefront of innovation and client satisfaction.
Frequently Asked Questions
What is Alts Bridge?
Alts Bridge is a new platform launched by BNY to simplify access to alternative investment products for wealth intermediaries and advisors.
Who can access the Alts Bridge platform?
The platform will be available to U.S. Registered Investment Advisors (RIAs) and Independent Broker-Dealers (IBDs) starting in fall 2024.
What benefits does Alts Bridge provide to advisors?
Alts Bridge offers integrated solutions that streamline the investment process, reduce operational complexity, and improve access to alternative investment opportunities.
What is the projected growth of global alternative assets?
Global alternative assets under management are projected to reach $24.5 trillion by 2028, reflecting a significant growth trend in the sector.
How long has BNY been in operation?
BNY has a long-standing history of over 240 years, continually evolving to serve clients globally across various markets and sectors.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Ease Capital Introduces Innovative Fixed-Rate Financing Option
- Assessing the Value of Invesco Dividend Achievers ETF Today
- Discover the New Chambray Townhome Community from Toll Brothers
- Securities Class Action Filed for Allarity Therapeutics (ALLR) Investors
- SENIX Tools Captivates with Award-Winning Pole Saw Innovation
- Viatris Set to Share Q3 2024 Performance Insights Soon
- La-Z-Boy Welcomes New Director to Enhance Board Strategy
- Graphite One Plans to Extend Warrant Expiry Date for Investors
- MicroStrategy Aims to Redeem $500 Million in Senior Notes
- Innovative Immunotherapy Institute Launches to Combat Cancer
Recent Articles
- Innovative Mobility Facility Unveiled at Kaweah Health
- Morgan Stanley's Downgrade of World Kinect: Key Insights
- Morgan Stanley Adjusts Stance on Western Gas Partners Stock
- Kinder Morgan's Recent Upgrade Indicates Strong Future Growth
- ONEOK's Growth Surge Following Strategic ENLC Acquisition
- Morgan Stanley's Rating Change Could Impact EnLink Midstream
- Thailand Explores $9 Billion Infrastructure Fund for Rail Projects
- Kenya Launches Comprehensive National Debt Audit Initiative
- Hedge Funds Reduce U.S. Equity Exposure for Fifth Consecutive Week
- EUR/USD Strengthens Amid Speculation of Fed Rate Reductions
- Are Small-Cap Stocks Ready to Thrive Amid Fed Rate Cuts?
- Warren Buffett's Investment Evolution: The Shift in Dividend Stocks
- Apollo Global Management Secures $1 Billion with BP for Gas Pipeline
- Man Group PLC's Recent Form 8.3 Filing Explored
- Latest Position Disclosure by Man Group PLC on Spirent
- Mizuho Upgrades Ameren's Outlook with Positive Forecasts
- Mizuho's New Neutral Stance on Southern Co: Insightful Analysis
- Chart Industries Receives Bullish Upgrade from Morgan Stanley
- Navigating Market Uncertainties: Fed Rates and Their Impact
- Rexel's Strong Growth Potential Shines Despite QXO Bid
- Exploring Federal Signal's Resilience and Growth Prospects
- Federal Reserve's Anticipated Rate Cuts: What to Expect Next
- Key Transactions by Management at Danske Bank A/S Unveiled
- DFDS A/S Announces Recent Share Buyback Activity Reports
- Significant Progress in Treating Metastatic Prostate Cancer
- Danske Bank's Remarkable Share Buy-Back Program Overview
- Man Group PLC's Strategic Positions in Centamin plc Overview
- Man Group PLC Reveals Significant Position in AngloGold Ashanti
- Breakthrough Findings from Phase III ARANOTE Trial with NUBEQA
- Aerospace Technical Services Co. Engages at Aviation Africa 2024
- Citi Downgrades Nova Measuring: A Look at Growth Challenges
- Citi Upgrades Entegris: Strong Prospects with Rising Margins
- Citi Downgrades MKS Instruments: Market Weakness Looms Ahead
- Finland Faces Economic Challenges as Recovery Stalls Ahead
- Polter.Finance Launches on Base Chain, Expanding $GEIST Reach
- Central Banks Set the Stage for Market Movements Ahead
- Deep Insights on Kisqali® Efficacy in Early Breast Cancer
- Insight into Sydbank's Recent Share Buyback Activities
- Understanding Prepayments: Insights from Realkredit Danmark A/S
- PHINIA Unveils Comprehensive Guide to International Emission Standards
- Emotional Reunion: U.S. Pastor Released After Long Imprisonment
- Daimler Truck Begins Production of eActros 600 Electric Truck Soon
- Peter Schiff and Bernie Sanders Clash on Taxation Policies
- Banca Generali Pursues Expansion with Intermonte Buyout Plan
- Apollo Global Management Secures $1 Billion Deal with BP
- Morgan Stanley: Labor Data Key as Fed Cuts Loom Ahead
- International Petroleum Corporation Updates Share Buyback Activity
- Haleon Partners with PubMatic to Transform Media Buying Practices
- IPC Details Share Repurchase Activity During Recent Period
- Festi hf. Announces Key Shareholder Update Amid Growth