Pershing LLC, our clearing firm, processes our
trades, issues statements and confirmations, holds the
securities in our clients’ accounts, and provides
compliance support and other back office services.
Pershing's functions and responsibilities are described
A wholly owned subsidiary of The Bank of New York
Mellon Corporation, Pershing is one of the largest and oldest clearing firms
in the United States. It is a registered broker-dealer
and a member of the National Association of Securities
Dealers, the New York Stock Exchange, and other national
securities exchanges. It is also experienced in handling
securities traded on many international exchanges.
Pershing holds about $950 billion in total client
assets for more than six million individual investors.
Its parent company has $23 trillion in assets under custody