With The Investment Center, your brokerage accounts are held by Pershing. Pershing LLC has been a leading global provider of financial business solutions for 85 years and serves many of the world’s most respected financial organizations, remaining committed to the safekeeping, servicing, segregation and reporting of assets held in custody.
Pershing's core financial strength provides the first measure of protection for our global client assets. Our parent company, BNY Mellon, is a leading provider of financial services for institutions, corporations and high-net-worth individuals. While financial strength does not protect against loss due to market fluctuation, our internal controls and regulatory oversight help maintain our stability and focus.
Pershing has over $2 trillion in global client assets (Pershing LLC and global affiliates) and net capital of over $2 billion—well above the minimum requirement.
BNY Mellon has $45.7 trillion in assets under custody and/or administration and $1.8 trillion in assets under management.
As required, Pershing segregates investor assets, which are fully paid-for, from its own assets. Therefore, in the unlikely event of the financial failure of Pershing, investors’ fully paid-for assets will remain separate from Pershing’s own assets.