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The acquisition will enhance BNY's capabilities across the entire managed account ecosystem, including manufacturing, distribution and servicing
Archer's fully integrated, cloud-based platform provides asset and wealth managers with a multi-product and multi-channel solution
NEW YORK, Sept. 5, 2024 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE:BK), a global financial services company, today announced BNY has entered into a definitive agreement to acquire Archer Holdco, LLC ("Archer"), a leading technology-enabled service provider of managed account solutions to the asset and wealth management industry.
Archer provides asset and wealth managers with comprehensive middle- and back-office solutions to address the managed account needs of institutional, private wealth and retail investors. Through its fully integrated, cloud-based platform, Archer helps its clients to expand distribution, streamline operations, launch new investment products and deliver personalized outcomes to a broader market.
Posted In: BK