The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a global financial services company, and iCapital, the global fintech platform shaping the future of investing, announced an alliance to deliver an integrated offering through BNY Pershing’s Wove and BNY’s Alts Bridge platforms.
Building on the alternative investment experience “for BNY Pershing clients who access iCapital through Wove, this alliance will create streamlined access to investment products and further support growth across alternative asset managers and the wealth channel.”
Shared clients will have access to funds “managed and operated by iCapital delivered by both Alts Bridge and iCapital upon integration.”
Clients will also have access to iCapital’s suite of investment tools and capabilities from Wove.
This integration will enable wealth advisors to “manage their accounts in Wove holistically across alternative and traditional holdings.”
Ainslie Simmonds, Executive Platform Owner, Wealth Service Platform for BNY said:
“Through this alliance, we are helping to unlock access for advisors to alternatives and private markets by delivering a streamlined experience and more comprehensive set of investment options. iCapital with Alts Bridge and Wove will create a user experience that will be unique in the market and continue to help advisors provide the investment solutions their clients are looking for.”
Steve Houston, Managing Director and Co-Head of iCapital Solutions at iCapital said:
“We’re excited to collaborate with BNY to deliver technology that empowers financial advisors to scale their access to alternative investments. By accessing this integrated solution, clients will have a more automated experience that is more transparent, efficient and easier to manage, and allow advisors to focus on what matters most — helping clients achieve their financial goals with confidence.”
As noted in the update, BNY is a global financial services company “that helps make money work for the world – managing it, moving it and keeping it safe.”
For more than 240 years BNY has “partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions.”
Today BNY helps over 90% of Fortune 100 companies and “nearly all the top 100 banks globally to access the money they need.”
BNY supports governments in funding “local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more.”
As of March 31, 2025, BNY oversees “$53.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.”
BNY is the corporate brand of The Bank of New York Mellon Corporation with headquarters in NYC.
