Pershing Limited, an affiliate of Pershing LLC and a subsidiary of The Bank of New York Mellon Corporation, launches Nexus Loans, a collateralised lending service for advisers and wealth managers who serve high-net-worth investors. This new offering expands Pershing’s services the private client and private wealth management market.
Nexus Loans enables advisers and wealth managers to provide their investors with the opportunity to borrow cash secured against their portfolios at competitive interest rates. The technology accepts a wide range of securities to be used as collateral and allows investors to maintain their investment holdings whilst accessing this source of multi-purpose funding. Nexus Loans also offers borrowers flexible loan amounts without a fixed repayment schedule. Pershing will provide operational and technology support for this service, allowing advisers and wealth managers to focus on the investment needs of their clients.
“Our Nexus Loans solution reinforces our commitment to provide advisers and wealth managers with the tools and capabilities they need to grow their businesses,” says Charles van der Merwe, CEO, Pershing Limited. “This new offering is easy to arrange and administer, and provides investors with a powerful and flexible source of borrowing to use for business or personal expenses, investments or even to purchase other securities.”