Crystal Capital Partners Extends Its Alternative Investment Connectivity Capabilities With Bank of New York Mellon

MIAMI, September 24, 2020 (Newswire.com) - ​​​​Crystal Capital Partners has expanded and continues to build on its strategic relationship with Bank of New York Mellon (BNY Mellon). This expansion builds upon the existing relationship Crystal has with BNY Mellon’s Alternative Investment Solutions, which provides a full range of services, market reach and expertise to alternative asset managers.

In Crystal’s commitment to providing a high-tech alternative investment experience, they are one of the early adopters among BNY Mellon’s clients to utilize and integrate their Balance Reporting API. The Balance Reporting API is the first of many in BNY Mellon’s API store that Crystal plans to utilize to streamline internal workflows. Crystal and BNY Mellon have had a strategic relationship for over a decade and continue to work together on future rollouts of transaction/trade-related APIs in terms of configuration, onboarding and testing.

“Advisors continue to look for efficient ways to incorporate alternative investments into their clients’ portfolios. From an operational standpoint, our connectivity with BNY Mellon will provide clients with a streamlined workflow that allows for a simple electronic subscription documentation process, followed by an API that provides instant access to timely client-facing reporting,” said Michael Hoyer, CFO of Crystal Capital Partners.

“We are very pleased to be working with Crystal Capital Partners to integrate our Balance Reporting solution to simplify and bring greater efficiencies to the reporting process,” said Michael Bellacosa, Global Head of Payments and Transaction Services at BNY Mellon. “Our open ecosystem allows for quicker access to technologies that help our clients drive their business forward, and our API portal simplifies the integration process to accelerate solutions delivery.”

In addition to integrating with BNY Mellon’s Balance Reporting API, Crystal has developed an Artificial Intelligence (AI) layer that helps deal with unstructured data commonly found in operational systems of custodial platforms. “This unique AI approach now powers Crystal’s in-house electronic subscription process and has introduced tremendous efficiencies in what was traditionally a manual and time-intensive undertaking,” reports Salomon Gorin, CTO of Crystal Capital Partners.

“With 25 years of experience, it is our ongoing effort to remove the complexities and barriers associated with alternatives. We are so grateful to work with a network of willing vendors and financial advisors that want to leverage our expertise, technology and infrastructure for the growth of their business and to spread the accessibility of the alternative investment industry,” stated Steven Brod, CEO of Crystal.

BNY Mellon’s engagement with Crystal exemplifies its consultative approach to addressing client service — understanding what their unique requirements are and delivering technology and solutions tailored to meet clients’ individual needs. BNY Mellon has demonstrated its willingness to work with Crystal for this operational and technical integration, which, in turn, benefits financial advisors and their clients.  

About Crystal Capital Partners

Crystal Capital Partners is a leading turn-key alternative investment platform, empowering financial advisors with exposure to third-party institutional private equity and hedge funds for their clients’ portfolios. Crystal’s clients include independent advisors, regional banks, IBDs and multi-family offices. Crystal is a Registered Investment Advisor headquartered in Miami, Florida.

Disclosures

This is for informational purposes only and is not investment advice or an offer to sell or the solicitation of an offer to buy any interest in any entity or investment vehicle. Any offer to sell or solicitation to invest will only be made through the Offering Documents of one or more investments managed by Crystal and will be qualified in its entirety in accordance with all applicable laws. These investments carry certain risks, see Offering Documents for more information.

Media Contact:
Natalie Brod
Phone: 305.868.1500
Email: [email protected]

Source: Crystal Capital Partners