Pershing - Private Client Services, A Full Service Broker-Dealer (2024)

FAQs

Is Pershing a broker dealer? ›

Pershing is a Broker/Dealer registered with the U.S. Securities and Exchange Commission, all 50 states as well as the District of Columbia and Commonwealth of Puerto Rico, and certain foreign jurisdictions.

Pershing LLC is an American clearing house. Formed in 1939, Pershing became a subsidiary of The Bank of New York (now BNY Mellon) in 2003. Pershing has nearly $1.9 trillion in assets under administration.

Simplify, Scale, Serve

BNY Mellon | Pershing is a leading provider of technology, operational and investor solutions to banks, broker-dealers, wealth managers and advisers. We help our clients simplify against complexity, scale for growth and efficiency, differentiate their service and better serve their clients.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Brokerage custody provided by Pershing LLC, member FINRA, NYSE, SIPC, a BNY Mellon company. Brokerage services may be provided by Pershing Advisor Solutions LLC, member FINRA, SIPC.

A broker-dealer (B-D) is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers. The term broker-dealer is used in U.S. securities regulation parlance to describe stock brokerages because most of them act as both agents and principals.

Technically, a broker is in the business of buying and selling securities on behalf of its clients, and a dealer buys and sells securities for its own account. A broker-dealer does both. Broker-dealers may appeal to investors who want to be more proactive in managing their own portfolios.

Clearing, custody or other brokerage services may be provided by Pershing LLC, member FINRA, NYSE, SIPC. Pershing Advisor Solutions relies on its affiliate Pershing LLC to provide execution services.

Pershing and BNY Mellon can provide you with a complete alternative mutual fund solution combining prime brokerage, custody and platform access in one integrated platform. We can help you manage counterparty risk while improving time to market, maximizing efficiency and streamlining due diligence.

Pershing serves institutional-oriented broker-dealers, investment banks and other capital markets firms, hedge funds, and other alternative investment managers.

Pershing Invest Ag is not a trusted broker because it is not regulated by a financial authority with strict standards. We recommend you open an account only with brokers that are overseen by a top-tier and stringent regulator.

Is Pershing LLC safe? ›

Pershing is the trusted choice of approximately 1,300 firms, representing more than 8 million investors and is committed to the protection, servicing and reporting of assets for investors like you. Pershing's core financial strength provides the first measure of protection for our global client assets.

Pershing is proud to be a part of BNY Mellon, the investment company of the world.

Pershing LLC acts on behalf of many financial organizations as a custodian for retirement accounts. Any custodian that is not a bank or insurance company—such as Pershing—is required to obtain approval from the Internal Revenue Service (IRS) to operate as a nonbank custodian for retirement accounts.

Key Facts. Pershing Square USA, the proposed new hedge fund, will be structured as a closed-end management fund, raising money through an initial public offering before its shares are traded publicly, according to a filing with the Securities and Exchange Commission.

About Us. The BNY Mellon Brokerage Account is a high quality and cost effective way to manage your investments. You can trade and control your investment portfolio online, with access to financial quotes, news, investment ideas, market commentary and more.

Charles Schwab & Co., Inc. ("Schwab," "we," or "us") is a broker-dealer registered with the Securities and Exchange Commission (SEC).