Pershing LLC, a subsidiary of The Bank of New York Mellon, has introduced a paperless account opening service for introducing broker-dealer firms, investment professionals and independent registered investment advisors (RIAs).
Pershings paperless account opening service enables investment professionals and independent registered investment advisors to provide their clients with online account opening documents that can be completed and authorized by utilizing an electronic signature feature.
“We understand how critical it is for RIAs and introducing broker-dealers and their investment professionals to focus on delivering cost effective and exceptional client service,” says Suresh Kumar, chief information officer at Pershing. “The introduction of this integrated online account opening solution via NetExchange Advisor and NetExchange Pro relieves our customers of the burden of cumbersome operational support and makes it easier for them to conduct and grow their businesses.”