For the second year in a row, 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 2022 “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 – includingAdvicePath℠, BNY Mellon Wealth Management’s proprietary goals-based planning tool, our Net Worth Statement tool, the Client Wealth Portal and Active Wealth Pulse.
AdvicePath℠ 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. Our Net Worth Statement tool, developed to connect toAdvicePath℠, provides advisors with their client’s full wealth picture.
Our latest tool, Active Wealth Pulse, gives clients access to their full wealth profile. Released in 2021, it is integrated with our Net Worth Statement tool to incorporate both internal and external accounts. The Client Wealth Portal provides clients with a real-time view of BNY Mellon and third-party balances through account aggregation, as well as the ability to collaborate electronically with wealth managers securely from any mobile device or desktop.
The winners were announced during an awards gala at the Financial Times Headquarters in London on June 24 and will be featured in an upcoming issue of PWM magazine.