Pershing, a BNY Mellon company, has added four third-party model providers to its retirement plan network, which offers advisors with tools, solutions and technology to service their retirement plan business.
The new providers added to the platform include 3D Asset Management, Efficient Market Advisors, Morningstar Investment Services and Wilshire Associates.
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Pershing’s Retirement Plan Network director Marc Caras said: "The addition of third-party model providers gives plan advisors a broad selection of professionally managed investment models to meet the varying needs of plan sponsors and their participants.
"With access to more robust investment options, plan advisors and sponsors will be better equipped to help plan participants achieve their desired retirement outcomes."
The platform also provides professionally managed investment options and features retirement model manager for plan advisors who wish to manage their own investment options.
Other solutions available on the platform include an integrated network of independent recordkeepers, investment products, retirement plan tools and practice management solutions.
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By GlobalDataPershing added that it intends to add more recordkeepers and third-party model providers to the platform in the future.
