Skip to content
  • English
Bolton-logo
  • Quiénes somos
    • Nuestra historia
    • Oficinas y afiliados
    • Galería de fotos de las oficinas centrales
    • Divulgaciones
  • Nuestros servicios
    • Servicios de gestión de patrimonio
    • Servicios fiduciarios
    • Soluciones de préstamos
    • Soluciones de administración de efectivo
    • Planificación del retiro
    • Servicios Ejecutivos Corporativos
    • Cuentas de clientes internacionales
    • Formas de cuenta de inversión
  • Compensación y custodia
    • Acceso mundial a los mercados
    • Compensación y custodia de BNY Mellon Pershing
    • Compensación y custodia de Charles Schwab
    • Protección adicional en las cuentas
  • Contáctenos

Bolton cuts advisor fees with managed accounts platform deal

CityWire Americas - May 4, 2022
Link to Publication

Bolton Global Capital has reduced the fees it charges its network of advisors after signing on to Pershing’s managed accounts platform.

The independent broker-dealer and RIA was able to bring down the fees for its managed account assets after adding the Pershing Managed Accounts Central (MAC) platform to its technology solutions at the start of the year, Ray Grenier, Bolton’s CEO, told Citywire.

Pershing’s MAC platform was officially launched at the end of 2021 and allows both domestic and international wealth managers to manage their fee-based investment advisory accounts, regardless of custodian, through one platform.

Grenier said they had negotiated a deal with Pershing, which is owned by BNY Mellon, that provides its advisors with access to the MAC platform to run their clients’ managed accounts for 50 to 70 basis points annually.

‘We brought on this platform that allows us to do SMA and UMA at a low cost,’ said Grenier. ‘Typically for an international broker-dealer or major SMA platform the cost is around 90-100 basis points [for managed account assets].’

The MCA platform essentially eliminates the need for advisors to toggle between multiple platforms by providing a one-stop solution that will display information on portfolio performance, account holdings, and asset allocation across custodians. In addition, the platform features investment research and model management capabilities.

Pershing announced it was prepping the launch of the MCA platform last June. At that time, Sarah Chain, Pershing’s director of global strategy and product management, said: ‘As investments in managed accounts grow, so does the need to streamline the process of running these accounts.

‘Our new offering is designed to address that need. It will prove critical in helping advisors realize new efficiencies so they can focus on delivering holistic advice.’

Grenier said Bolton’s advisors had already moved over $1bn of their client assets onto the platform and it had proven to save them valuable time.

‘It has made our workforce about 25% more productive. It also provides our clients with a fully cybersecure environment.’

Grenier added: ‘In today’s environment you have to lower costs. You have to be able to provide a full fee-based platform at a low cost, that is a key building block for the future.’

Grenier revealed to Citywire last week that Bolton had launched a new client concierge platform as it looks to expand its range of services.

Bolton Global Capital has 115 advisors on its independent network that oversee more than $12bn in client assets.

Author Matt BealsPosted on May 4, 2022May 11, 2022Categories News and AnnouncementsTags advisory account, managed accounts, Wealth management

Post navigation

Previous Previous post: Michael Averett se une a Bolton Global Capital como Head de Business Development
Next Next post: Bolton launches Family Office Concierge platform
View All Articles

Related Articles

Mercados mundiales

Market Insights

Bolton Global Capital is not a subsidiary or division of BNY Mellon or Pershing and has no relationship to either company other than offering clearing and custody services provided by Pershing to Bolton customers on a fully disclosed basis.

Read More: Market Insights
LatAm ConsultUs

Newsletter Económico Mensual

A mediados de octubre se conoció una nueva edición de las Perspectivas Económicas Mundiales (WEO, por su sigla en inglés) que produce trimestralmente el staff del Fondo Monetario Internacional (FMI): EI EMI espera que el PIB mundial crezca este año...

Read More: Newsletter Económico Mensual
LatAm ConsultUs

Informe Mensual De Mercado

Si bien no tenemos certeza de una resolución clara y justa a nivel geopolítico, los mercados se concentraron en la parte positiva, las “buenas intenciones”, y ensayaron un rebote que los llevo a cerrar marzo con números positivos, acortando la...

Read More: Informe Mensual De Mercado
LatAm ConsultUs

Macro Outlook

LatAm ConsultUs Macro Outlook para acciones, valores de renta fija, commodities y cash.

Read More: Macro Outlook
Latam ConsultUs

Newsletter Político Mensual

La guerra en Ucrania tiene poco de original. Y esto es así no porque – al decir del eximio escritor español Arturo Pérez-Reverte – todas la guerras sean “la misma guerra”. Sino porque el modus operandi asumido el presidente ruso...

Read More: Newsletter Político Mensual
2019-FINALWhiteLogotype
Bolton Global Capital, Inc. Member FINRA, SIPC Independent since 1985
579 Main Street,
Bolton, MA 01740
978.779.5361 800.649.3883

Client accounts are held
and securities cleared through
Pershing - a subsidiary of BNY Mellon

  • Privacy Policy and Opt Out Procedures
  • Business Continuity Plan
  • SEC RULE 606
  • Reclutamiento de asesores
  • FINRA BrokerCheck

Bolton Global Capital no es una subsidiaria ni una división de BNY Mellon Corporation o BNY Mellon Pershing y no tiene relación con ninguna de las compañías excepto ofrecer los servicios de compensación y custodia provistos por BNY Mellon Pershing a los clientes de Bolton Global Capital con plena divulgación.