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Reminder! Wealth Account Transition Period Begins June 6

Sent on May 25, 2022

As communicated last month, we will begin transitioning client assets to BNY Mellon | Pershing on June 6, 2022. We expect to complete all transfers around June 23, 2022. Your wealth account(s) will be transferred during this timeframe and should take an industry standard of 7-9 days to transition.

Transition Details
  • Your account(s) will be frozen two business days before we initiate the transfer to BNY Mellon | Pershing. This could be as soon as June 2, 2022 for accounts that are initiated on June 6, 2022. 
  • This means your account(s) will be frozen from trading and any transactions until live at BNY Mellon | Pershing.
  • If you anticipate making any contributions or have other cash needs during this time period, please contact us as soon as possible so we can fulfill your request prior the transition.
  • During this process,  you will still have access to view your account(s) via our website, Wealth Management & Trust. Please contact us if you don’t have access. 
  • You will know when your account(s) is/are live at BNY Mellon | Pershing once your account number(s) start with YAV in Wealth Management & Trust. You will also see this reflected on your June custody statement.
  • Next week, we will share the new custody statement and highlight key elements to be aware of.
Visit our client resource page to learn more about what to expect during the transition period, including the timeline, steps throughout the process and how to determine when your account(s) is/are live with BNY Mellon | Pershing.

Please feel free to contact us with any questions. We appreciate your patience and trust as we enter the final stage of the transition.