Asset growth enables the transfer of your clients' existing directly held mutual fund positions, 529 plan accounts, annuity policy information and other outside assets into a brokerage account held with Pershing. The result includes many benefits for you and your clients, most notably asset consolidation onto a single platform.

Realize the benefits of asset growth:

  • Increase the scale of your business
  • Simplify your sales process and reduce paper
  • Enhance your cash flow management
  • Provide centralized servicing on a single platform
  • Enjoy faster automated commission and 12b-1 fee processing


To learn how asset growth can benefit your business, please watch this on-demand presentation:
Growing Your Clients' Directly Held Assets

Moving to a single brokerage platform provides many benefits that solve the challenges presented by direct business.

  • There is a single client view with only one account and aggregated assets
  • Service is centralized and controlled by you
  • You gain a single platform with access to a wide range of funds and other products
  • Consolidated client assets are included in breakpoint calculations across all of their holdings at Pershing
  • Additionally, you can offer clients a consistent experience since you will be the primary point of contact for their investment needs

Helping you build your business is just one key reason to consider asset consolidation.

  • It may help simplify sales processes and facilitate advisory business
  • Your clients' holdings are provided in a holistic snapshot
  • You will have more time to serve your clients and build your business
  • You will have access to financial planning support, including access to research, management and modeling tools all via a single platform

Consolidation allows you to manage your accounts more efficiently through NetX360®. One aggregated statement makes it simpler to see and manage client assets, including calculating fees and providing access to tax reporting information.

  • Consolidated statements
  • Automated commission and 12b-1 processing for potentially faster payment
  • Single account opening process
  • Same-day trading
  • Quick asset movement between fund families
  • Ongoing training support on NetX360

Asset consolidation offers your clients many benefits:

  • Diversification and access to top-performing funds
  • A Mutual Fund Only Individual Retirement Account (IRA) option with a low annual fee of only $10
  • A consolidated statement of all assets custodied with Pershing
  • Pershing is a member of the Securities Investor Protection Corporation (SIPC), which protects the clients of its members for up to $500,000 (including $250,000 for claims for cash); a brochure is available at www.sipc.org
  • Day-and-night online access and the option to choose electronic delivery of all of their brokerage account statements and trade confirmations

The Advantages of Working With Pershing

  • Serves financial organizations, money managers, and registered investment advisors exclusively
  • Maintains a high-touch, dedicated service model
  • Provides access to nearly 20,000 mutual funds from more than 550 mutual fund families, including nearly 5,000 no-transaction-fee mutual funds from more than 250 fund companies
  • Makes available a low-cost Mutual Fund Only IRA option
  • Member of SIPC and provides coverage in excess of SIPC limits from Lloyd's, in conjunction with other insurers.* Click here for more information.

Pershing at a Glance

  • 70-year history
  • One of the industry’s largest global business solutions provider, with more customers clearing with Pershing than with any other firm
  • Approximately $1.06 trillion in global client assets**
  • Pershing LLC is a subsidiary of The Bank of New York Mellon Corporation (BNY Mellon)

* Pershing's excess of SIPC insurance coverage is provided by certain underwriters at Lloyd’s insurance market ($950M) and Axis Specialty Europe Ltd. ($50M).

** As of December 31, 2012

Please complete and submit the form below. All fields are required except where designated as optional.

1

Mark the checkbox to opt in:

Yes, I want to opt into my broker-dealer's consolidation efforts.

2

Enter your identifying information:

3

Enter your firm's information:

4

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  • Refresh

Click on the 'Make the Break Now' button to opt into your broker-dealer's consolidation efforts.

If you do not wish to participate in your broker-dealer's mutual fund consolidation initiative, please complete and submit the form below. All fields are required except where designated as optional.

1

Mark the checkbox to opt out:

No. I do not want to participate in my broker-dealer's consolidation efforts.

2

Enter your identifying information:

3

Enter your firm's information:

4

Please type the text you see in the image

  • Refresh

Click on the 'Submit' button to opt out of your broker-dealer's consolidation efforts.