What does Pershing LLC do?
Pershing LLC is a business-to-business provider. We provide global financial solutions to advisors, asset managers, broker-dealers, family offices, fund managers, registered investment advisor firms and wealth managers. Pershing acts as clearing broker under a written agreement with your financial organization.
How do I contact Pershing?
How Can We Help You?
- Business Development. If you are a firm interested in working with Pershing, please call 1-800-445-4467.
- Individuals. Please visit our information page for investors. If you an individual who needs an account balance verification, please call 201-413-3333.
Who clears through Pershing LLC?
BNY Mellon
It (and its affiliates) serves as the clearing firm for hundreds of broker-dealers around the world.
What are Pershing accounts?
Pershing is a one-stop source for a range of individual retirement solutions—along with a wealth of tools and resources to help advisors grow their retirement business. Choose from Traditional, Roth, and Rollover individual retirement accounts (IRAs) that feature convenient account services and distribution options.
Who uses Pershing?
Clients of BNY Mellon’s Pershing include advisors, broker-dealers, family offices, fund managers, registered investment advisor firms and wealth managers who represent approximately 7 million investor accounts globally. Over 100,000 professionals use our technology platform for advisors and broker-dealers.
Is Pershing a bank?
Pershing Advisor Solutions LLC, member FINRA, SIPC, is a wholly owned subsidiary of The Bank of New York Mellon Corporation (BNY Mellon).
Is Pershing a broker dealer?
BNY Mellon’s Pershing is a leading provider of clearing and custody services. Pershing Limited and its subsidiaries provide broker-dealers, asset managers, intermediary firms, IFAs, and financial institutions across EMEA with a comprehensive range of products, services and solutions.
What are Pershing fees?
Pershing Fee Schedule – Client Fees
| Customer Fees | Price | Unit |
|---|---|---|
| Equities and Exchange Traded Funds | $15 | per transaction |
| Options | $15 | per transaction + $1 per contract |
| Options Excercise and Assignment | $35 | per transaction |
| Fixed Income Securities | $25 | per transaction |
Does Wells Fargo use Pershing?
$3.7B team departs Wells Fargo to open RIA with Pershing Mayflower Advisors co-founders Larry Glazer, Lloyd Glazer and Steven Dimitriou, and their 35-person team, are now custodied with BNY Mellon Pershing.
Is Pershing LLC a broker dealer?
Is Pershing a custodian?
Pershing LLC acts on behalf of many financial organizations as a custodian for retirement accounts.
What is the Pershing platform?
A Flexible, Cutting-edge Prime Brokerage Platform Pershing provides hedge fund and ’40 Act fund managers with an intuitive platform to power their business. We leverage NetX360®, Pershing’s front-to-back-office, open-architecture platform used by more than 100,000 investment professionals worldwide.