Commonly Asked Questions
The Bank of New York Mellon Corporation, commonly known as BNY, is an American international financial services company headquartered in New York City.
BNY/ Pershing is a global financial services firm that provides business-to-business financial solutions, including custody, clearing, settlement, technology, and wealth management services with $2.5 trillion of global clients’ assets.
As a member of the Securities Investor Protection Corporation (SIPC®), Pershing provides securities account protection up to $500,000. An aggregate loss limit of $1 Billion for eligible securities across all client accounts custodied at Pershing. In addition, a per-client loss-limit of $1.9 million for cash awaiting reinvestment, within the aggregate $1 billion protection. More information is available at sipc.org.
SimpleVisor™ is a completely digital, low cost, portfolio management solution.
To open an account, click the Open Your Account Now button. You can select a portfolio model or take our questionnaire. Once the questionnaire is completed a model will be assigned to you or you chose another model. Lastly, you establish an account at Bank of New York/ Pershing.
$3,000 dollars for the following model
Accumulator $25,000 dollars for the following models: Very Conservative – ETF, Conservative – ETF, Moderate – ETF, Moderate-Aggressive – ETF, and Aggressive – ETF.
$50,000 dollars for the following models: Very Conservative – Equity, Conservative – Equity, Moderate – Equity, Moderate-Aggressive – Equity, Aggressive – Equity, AI Portfolio, All-Weather Portfolio, Growth Focused Equity, Infrastructure, Small & Midcap Stocks, Crypto Model, Managed Dividend Equity Model, and High Dividend Income Model
Once you initiate an ACH or WIRE, it can take up to 5 days for the deposit to settle and get reflected in your account.
This is an all-digital process and therefore there are no humans to call. If you need help, send an email to servicerequest@simplevisor.com and you will receive a timely response from our team.
The automated portfolio management service is minimum of 0.75% up to 1.00% annually, billed quarterly.
To change your portfolio at any time, servicerequest@simplevisor.com and the trading team will rebalance your current portfolio into the new portfolio model holds you requested.
Yes. Once you create your invest.simplevisor.com Trading Account, you can link accounts held at Pershing/BNY to your portal for consolidated viewing.
Yes. We are in the process of creating an app to allow you access to your invest.simplevisor.com accounts via your mobile device.
If you have a 401k plan you want to roll over follow these steps or send a request.
Once you register, go to your client portal and on the left-hand side click ACAT. Or send a request to servicerequest@simplevisor.com
Yes, under most market circumstances we will fully onboard when the funds arrive.
The SimpleVisor™ team rebalances when necessary.
Not a problem. Simply send a request to servicerequest@simplevisor.com and we will contact you and walk you through the process to get started.