As of June 1, Pershing veteran Ben Harrison, currently head of business development and relationship management for Pershing’s advisory segment, will take over CEO duties, reporting to Jim Crowley, CEO of Pershing, the custody unit of BNY Mellon.
According to a statement, Pershing said Tibergien led its efforts to develop a market strategy and an optimal client profile in the market; under his leadership, Pershing grew its RIA assets to over $800 billion at the close of last year.
“Mark’s unique vision and humble leadership have helped build our advisory business from the ground up and made Pershing one of the top players in the RIA custody space,” Crowley said.
A former general assignment newspaper and radio reporter and writer for a financial trade magazine, Tibergien joined Pershing in 2007. Prior to that, he was a principal at accounting and consulting firm Moss Adams.
it's unclear what role Tibergien will play in the financial services industry in the years ahead. Outside of Pershing, he is a strong advocate for financial literacy programs, underwriting a successful high school financial education program at his alma mater in the Upper Peninsula of Michigan.
Harrison joined Pershing in 2006 and was promoted to lead business development for advisory marketplace solutions on the West Coast in 2013. In 2015, he became head of business development for the RIA custody business, taking on the additional relationship management role in 2019.
As recently as December, on the heels of the announcement of the Schwab-TD Ameritrade deal, Tibergien talked about the demise of hundreds of advisory firms, along with the growth of thousands, in what he called a period of challenge and opportunity for RIAs. He added that advisors will soon have to justify their existence in the business.
"The growth potential for our advisory business has never been better," Harrison said in a statement. "The changes in the RIA custody space are not only reaffirming our long-held strategy of focusing on growth-minded RIAs, but also creating brand new opportunities for us as the only remaining major business-to-business custodian. As we continue to align ourselves ever more closely with the way advisors want to do business, we are excited about the opportunities that lie ahead."
Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.
So browse through a category and make your preferred selection and come back here to read more choice articles and get a few more helpful tips on ways to help your enhancement.
As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, Awin network, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”
We use anonymous cookies and various 3rd-party services to optimise and to offer you a better, more personalised, browsing experience with advanced accessibility enhancements.
Dismiss
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
