CAIS, another funding platform that serves impartial monetary advisors, has expanded its relationship with BNY Mellon’s Pershing, a clearing, custody and wealth administration providers supplier, by making their different funding providing extra cost-efficient.

The CAIS Alts Expertise via BNY Mellon’s Pershing supplies advisors who use Pershing’s Different Funding Options via the NetX360+ custodial platform entry to over 300 different funding merchandise by way of CAIS — now with no custody or transaction charges for Pershing shoppers’ new and current funds.

“Our expanded collaboration with BNY Mellon’s Pershing creates a extra seamless and cost-effective different funding expertise for collaborating shoppers that BNY Mellon’s Pershing and CAIS serve,” stated Brendan Cuddihy, CAIS chief working officer. “That is the most recent growth in our relationship, underscoring our joint dedication to supporting the impartial advisor.”

The CAIS Alts Expertise via BNY Mellon’s Pershing builds on CAIS and Pershing’s current collaboration to assist streamline and automate advisors’ transactions on the CAIS platform, the corporations stated.