A Daily Network publication
Explore the network
The Daily NetworkAbout the network →
Private Wealth DailyPrivate wealthDigital Capital DailyDigital assetsESG Capital DailySustainable capitalETF DailyETFsETF Pro AIThe fund terminalFamily Office DailyYou’re reading this editionInsurance Capital DailyInsurance capitalInterval Fund DailySemi-liquid fundsPrivate Credit DailyPrivate creditPrivate Infrastructure DailyInfrastructurePrivate Real Estate DailyReal estateRetirement Capital DailyRetirement assetsSecondaries DailySecondariesWealth Advisor Daily
Family Office Daily
Independent intelligence on family offices and private capital
Tuesday, October 6, 2026Family Office Daily Briefing →Sign in
custodian

BNY Pershing

In PWD coverage since August 18, 2026 · 9 stories
PWD coverage
Features

BNY Pershing retires Wove, folds it into wealth unit as Fitch lists cash-rate winners

The custodian will not say how many advisors use Wove; Fitch sees Schwab, LPL, Raymond James, Ameriprise and Stifel gaining from higher client cash rates.
The Close · Sep 29Merrill prices shelf access at up to $1.4 million as Raymond James embeds alternatives
practice · Sep 29BNY Pershing folds Wove into Adam Vos's wealth solutions unit
RIA · Sep 29BNY Pershing retires the Wove brand and folds platform into wealth solutions
practice · Sep 15Pave's $15M round prices advisor AI at the custodian layer
Deals & PE · Sep 14Pave's $100 million valuation is a bet on advisor distribution
M&A · Sep 10Vanguard paid $4.6 billion for the account rail
practice · Sep 1Don't Pull a Schwab: Vanguard's Altruist Trust Test
move · Aug 18Most advisors never see the true cost of clearing and custody
Daily · 7:40 a.m. ET

The Family Office Daily Briefing

Family-office news, investment decisions, and operating intelligence, in your inbox daily at 7:40 a.m. ET. Free.