BNY Pershing, the giant clearing and custody firm, is gingerly introducing new fees based on assets to its registered investment advisor clients, including a charge on customers’ cash held in accounts ...

Pershing, to be sure, says it has at least one marketing advantage over rival RIA custodians, such as The Charles Schwab Corp., Fidelity Investments ' Fidelity Institutional Wealth Services unit, and ...

The companies will match advisors with retail clients and compete with similar programs from Fidelity and Charles Schwab.

The massive intake preceded the BNY-owned custodian's rollout of a new financial advisor matchmaking service aimed at ...

Ayco is likely to focus on larger RIAs that can work with C-suite executives, while BNY Pershing may be more suited to smaller firms willing to pay associated fees, according to industry consultants.

Billionaire Bill Ackman's Pershing Square Capital Management, known for being an activist investor, has purchased more than 12.7 million shares of Hertz Global Holdings stock, according to a Wednesday ...