Tibergien’s Successor Says RIA Custodial Business Is Ripe for New Pricing Model
March 11, 2020 by Bernice Napach
Ben Harrison, who will succeed Mark Tibergien as the head of Pershing’s RIA custody business come June 1, says growing the business “will be a big focus” of the firm’s future.
The goal is to become “the largest and most significant player” in the RIA custodial space, says Harrison, noting that this is what he and his team aspire to long term.
The firm wants to capture a bigger share of the RIA custodial market and expand from a focus on professionally managed boutique advisory firms to a “broader set” of firms, including “more emerging firms.”