Marstone and Pershing complete platform integration; Currently onboarding institutional clients onto Powered by Marstone™

Marstone and Pershing complete platform integration; Currently onboarding institutional clients onto Powered by Marstone™

MARSTONE, Inc. today announced the launch of Powered by Marstone™, an innovative digital wealth management solution currently onboarding financial institutions and their clients. Powered by Marstone is a white-label solution that allows institutions of any size to offer state-of-the-art, company-branded, digital investment advice to their clients. As a fully integrated solution, the Marstone platform leverages the industry-leading financial services of Pershing LLC, a BNY Mellon company.

Powered by Marstone allows advisors to customize their own investment models, paperless account opening processes, and risk-tolerance questionnaires, while giving their clients access to account aggregation, money transfers, benchmark analysis, interactive performance displays, and more. With flexible configuration, branding, and pricing options, all types of financial institutions — including broker dealers, registered investment advisors, banks, and insurance companies — will have a wide array of implementation options.

Margaret J. Hartigan, CEO and Founder of Marstone — and a former financial advisor herself — was inspired to create a wealth management solution that addresses the needs and aspirations of both individual investors and financial institutions.

Powered by Marstone provides advisors and consumers with accelerated integration into the world of digital advice,” Hartigan said. “As former practitioners, we understand how important it is to integrate with an institution’s own custodian and technology partners to offer the fastest, most seamless solution possible.”

Michael Wilson, Marstone’s VP of Engineering and Chief Technology Officer, said, “by integrating Pershing’s financial platform and IBM Watson™ cognitive tools, the Marstone platform demonstrates that, with the right partners, financial and wealth solutions will continue to innovate with advances in user experience, mobile, and cognitive technology.”

Powered by Marstone is the first of three Marstone products to be released, with Marstone Maps and Marstone Cognitive – the first digital advice solution to incorporate Watson technology – to be released later this year. As an IBM Watson Ecosystem partner, Marstone is uniquely positioned to connect Watson’s leading-edge cognitive capabilities with Pershing’s financial network.

“Pershing is excited to be working with innovative firms like Marstone, who is already moving beyond pure ‘robo-investing’ toward more advanced solutions leveraging IBM Watson’s cognitive tools,” said Ram Nagappan, Chief Information Officer for Pershing. “This is in line with our digital enablement strategy to provide our clients access to the best solutions in the marketplace, to more effectively serve their investors.”

About Marstone
Marstone is a digital wealth company based in New York, with additional offices in Pawtucket, RI and San Francisco, CA. Marstone is proud to be the first fully-integrated digital-advice partner of Pershing and an official IBM Watson Ecosystem Partner, making it the leading provider of digital wealth solutions with cognitive analytics and artificial intelligence. Marstone will also continue to expand its industry partnerships to provide platform connectivity and integration with a full range of financial institutions. Additional information is available on http://www.poweredbymarstone.com, or follow us on Twitter @MarstoneInc. Inquiries can be sent to info@marstone.com.

About Pershing
Pershing and its affiliates provide global financial business solutions to advisors, asset managers, broker-dealers, family offices, registered investment advisor firms and wealth managers. A financial services firm located in 23 offices worldwide, Pershing provides business-to-business solutions to clients representing 6 million active investor accounts on the U.S. platform. Pershing affiliates are members of every major U.S. securities exchange, and its international affiliates are members of the Deutsche Börse, Australian Stock Exchange, Irish Stock Exchange, London Stock Exchange and Toronto Stock Exchange. Pershing LLC (member FINRA/NYSE/SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing.

About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2016, BNY Mellon had $29.1 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

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