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Our Clearing Firm

Our Clearing Firm – Pershing LLC, a BNY Mellon company.

With The Investment Center, your brokerage accounts are held by Pershing.  Pershing LLC has been a leading global provider of financial business solutions for almost 80 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.

 

Financial Strength - September 30, 2018

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 provide stability and focus.

 

Pershing

Pershing has over $1.8 trillion in global client assets. (Pershing LLC and global affiliates)

 

BNY Mellon

BNY Mellon has $34.5 trillion in assets under custody and/or administration.

 

Evaluation and Segmentation of Assets

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.