CAIS and BNY Mellon’s Pershing Expand Collaboration to Provide Advisors Access to a Large Selection of Alts Funds with No Custody or Transaction Fees

CAIS Alts Experience through BNY Mellon’s Pershing builds upon existing integrations to remove transaction fees on participating funds through the CAIS Marketplace to BNY Mellon’s Pershing clients

NEW YORK – November 30, 2023 – CAIS, the leading alternative investment platform for independent financial advisors, today announced that it has expanded its relationship with BNY Mellon’s Pershing (“Pershing”), a leading provider of clearing, custody and wealth management services, to introduce the CAIS Alts Experience through BNY Mellon’s Pershing. The offering provides advisors who use Pershing’s Alternative Investment Solutions through the NetX360®+ custodial platform access to over 300 alternative investment products via CAIS. These products now come with no custody or transaction fees for new and existing funds held by Pershing clients. 

This evolution in the relationship speaks to CAIS and Pershing’s shared mission to help independent advisors operate more competitively and facilitate access to leading alternative investment strategies that can help strengthen and diversify their clients’ portfolios.  

“Our expanded collaboration with BNY Mellon’s Pershing creates a more seamless and cost-effective alternative investment experience for participating clients that BNY Mellon’s Pershing and CAIS serve,” said Brendan Cuddihy, Chief Operating Officer, CAIS. “This is the latest development in our relationship, underscoring our joint commitment to supporting the independent advisor.”  

The CAIS Alts Experience through BNY Mellon’s Pershing builds on CAIS and Pershing’s existing collaboration, which was first announced in 2020, to help streamline and automate advisors’ transaction processes on the CAIS platform. This relationship was expanded in 2022, when CAIS and Pershing unveiled new features, such as automated transactions and the ability to more efficiently browse, research, and allocate to alternative investments. 

“As investor and advisor demand for alternatives continues to grow, we are focused on providing the best experience we can for our clients,” said Sareena Dalla Brookshire, Chief Product Officer, BNY Mellon’s Pershing. “This offering from CAIS is designed to help advisors transact at scale in a more cost-effective way, with the potential to positively impact outcomes for their clients.” 

This announcement follows the launch of CAIS Solutions, a new SaaS platform that uses the power of CAIS technology to centralize and streamline alternative investment funds, no matter where they are sourced, to streamline the alternative investment lifecycle. CAIS Solutions was unveiled at the second annual CAIS Alternative Investment Summit, which convened over 500 independent financial advisors. 

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