Arete Wealth, a full-service Broker-Dealer (BD) and Registered Investment Advisory Firm (RIA), has announced the expansion of its clearing and multi-custodial wealth management platform via long-term clearing, custody, and technology agreements with BNY Pershing, a leading provider of global financial business solutions.
As part of the agreement, advisors from Arete Wealth will now have access to BNY Pershing X’s Wove wealth management platform, designed to help registered investment advisors, broker-dealers, and wealth management firms connect an investor’s full financial picture in one place through offerings such as Wove Investor, Wove Data, and Wove Advisory’s Portfolio Solutions.
“We’re proud to be deepening our relationship with Arete Wealth, a firm whose focus on providing its advisors with the right resources to scale and serve clients matches our mission to help advisors help more people,” said Ben Harrison, Head of Wealth Solutions, BNY Pershing. “Their decision to use our Wove wealth management platform, along with the new suite of Wove products unveiled just last month, is a testament to the strong collaboration we’ve built over the years.”
Arete Wealth supports RIAs, wealth managers, and advisor teams seeking an elevated business experience in investing. In addition to traditional wealth management products, the firm’s bespoke alternative investment platform currently features more than 60 offerings from dozens of sponsors including artwork, hedge funds, private equity, venture capital, real estate, and more. Pershing’s suite of solutions will support the firm’s growth across all these areas.
“We are thrilled to collaborate with one of the top providers of clearing and custody services in the industry,” said Joshua Rogers, CEO and Founder, Arete Wealth. “As we expand and enhance our wealth management platform, Pershing’s commitment to high-growth, sophisticated wealth managers, along with its focus on innovative technology offerings, makes them a perfect provider for our elite financial advisors.”
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