BNY Unveils Alts Bridge to Revolutionize Investment Access
BNY Mellon Corporation, often referred to simply as BNY, is set to change the landscape of alternative investing with its latest platform, Alts Bridge. This innovative offering aims to equip wealth intermediaries, advisors, and investors with a comprehensive suite of tools and resources that address every phase of the alternative investment lifecycle.
A Holistic Solution for Advisors and Investors
Alts Bridge is designed to fit perfectly within the existing systems that wealth intermediaries currently use. It will initially launch alongside BNY Pershing X's Wove advisory platform and NetX360+. The incorporation of cutting-edge AI and analytics technology is intended to cut down manual tasks and reduce errors, making it an invaluable asset for advisors, investors, and home offices alike.
Diverse Alternative Product Offerings
This platform will feature a wide variety of products from well-known alternative and private market asset managers around the globe. Notable partners include respected companies like 26 North, Apollo, Goldman Sachs, Invesco, and others, all contributing to a dynamic and diverse range of investment choices for clients.
Closing the Gap Between Demand and Access
Despite strong interest from advisors—90% of whom are looking to allocate 10-15% of their portfolios to alternatives—current investment levels often sit disappointingly in the single digits. Reports indicate that the total global alternative assets under management are expected to soar to an impressive $24.5 trillion by 2028. This growth highlights the rising demand for a wider array of options in investment portfolios.
“Our commitment is clear; through Alts Bridge, we aim to create connections within the financial ecosystem, making access to alternative investments easier and more efficient,” said Akash Shah, Chief Growth Officer at BNY. This vision is crucial as the platform seeks to alleviate the hurdles advisors encounter when entering private market investments.
Streamlining the Investment Journey
The features within Alts Bridge are focused on enhancing the entire investment experience, covering each stage from pre-trade to at-trade and post-trade. These features will include tools for educating advisors, capabilities for discovering funds, and resources for managing portfolios—all designed to simplify the complexities that often accompany alternative investments.
Equipping Advisors with Effective Tools
Advisors have long expressed a desire to engage more with alternative investments, but operational constraints often hold them back. David Moss, BNY’s Head of Alts Bridge, points out that this platform has been crafted specifically to tackle these practical challenges, enabling advisors to focus more on their clients while expanding their access to diverse investment opportunities.
Launch Scheduled for 2024
Alts Bridge is set to be launched in the fall of 2024, with initial access granted to U.S. Registered Investment Advisors (RIAs) and Independent Broker-Dealers (IBDs). This new platform promises to transform the investment experience for financial professionals looking to enhance their offerings.
As BNY embarks on this new initiative, they reinforce their position within a competitive market, signaling strong growth potential for both the firm and its clients. With over 240 years of trusted experience, BNY remains dedicated to guiding investors through increasingly complex financial environments.
About BNY Mellon
BNY is a globally recognized financial services firm dedicated to managing, moving, and safeguarding assets for a diverse range of clients. As of mid-2024, BNY oversees an astonishing $49.5 trillion in assets under custody and administration, along with $2.0 trillion in assets under management. With a team of more than 50,000 employees, BNY is committed to serving its clients and stands at the forefront of innovation and customer satisfaction.
Frequently Asked Questions
What is Alts Bridge?
Alts Bridge is a new platform created 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, lower operational complexities, and enhance access to alternative investment opportunities.
What is the projected growth of global alternative assets?
Global alternative assets under management are expected to reach $24.5 trillion by 2028, showcasing a notable growth trend in the industry.
How long has BNY been in operation?
BNY has a long-standing history of over 240 years, constantly evolving to serve clients around the world across various markets and sectors.
