BNY Mellon Wealth Management was named the “Best Private Bank for Digital Wealth Planning, North America” by Professional Wealth Management (PWM). Part of the Financial Times, the PWM “Wealth Tech Awards” recognize the prominent role technology plays in private banking.
The award recognizes the work BNY Mellon Wealth Management has done in the digital planning space – including AdvicePathSM, BNY Mellon Wealth Management’s proprietary goals-based planning tool, and our Client Wealth Portal.
AdvicePathSM was launched in 2019 and significantly enhanced in 2020 to support BNY Mellon Wealth Management’s Active Wealth framework, consisting of five pillars: invest, borrow, spend, manage and protect. The Client Wealth Portal, launched in 2008, is a comprehensive online platform that is available for clients on desktop and mobile. The customizable tool provides a real-time view of BNY Mellon and third-party balances through account aggregation, and the ability to collaborate electronically with wealth managers, securely from any mobile device or desktop.
The award recipients were announced during a virtual ceremony on June 24. Profiles of each winner are featured on the Wealth Tech Awards Digital Hub. Winners are also featured in the current issue of PWM magazine.