BNY Mellon’s Pershing has created an online practice management center, bringing its range of materials including interactive tools, thought leadership and white papers into one location.

Information is grouped into four segments - growth, human capital, operational efficiency and managing risk - and then also assigned to a topic within each segment.

“The value of practice management has become more important than ever as advisors take on a greater role in managing their own business,” BNY Mellon said.

In other news this week, BNY Mellon has forged an agreement between Pershing Advisor Solutions and its private banking business, meaning registered investment advisors affiliated with PAS can now offer their high net worth clients an array of private banking services, including credit and lending solutions, without needing to refer them externally.