BNY Acquires Archer, a Provider of Managed Account Solutions

For Wealth and Asset Management

Date:

Autor: Funds Society, Miami

The transaction is expected to close in the fourth quarter of 2024, subject to regulatory approvals and other customary closing conditions

Archer helps its clients expand distribution, streamline operations, launch new investment products, and deliver personalized outcomes to a broader market

With the integration of Archer's managed account solutions, capabilities, and professional services team, BNY will enhance its enterprise platform to support retail managed accounts