Asset consolidation 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 on the Pershing platform. The result includes many benefits for you and your clients, most notably asset consolidation onto a single platform.

Realize the benefits of asset consolidation:

• 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

Moving to a consolidated 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
• All consolidated client assets are included in breakpoint calculations across all of their holdings at Pershing
• Additionally, you will be able to 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 simplifies sales processes and facilitates advisory business
• Your clients' holdings are provided in a holistic snapshot
• You will have more time to service 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 determining fees and providing 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:

• Broad diversification potential and access to top-performing funds
• A Mutual Fund Only Individual Retirement Account (IRA) option with a lower 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 securities customers of its member up to $500,000 (including $250,000 for claims for cash); an explanatory brochure is available upon request 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
• 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