Asset consolidation enables the transfer of your clients’ existing directly held mutual fund and annuity positions and other outside assets into a brokerage account. 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 550 mutual fund companies and more than 18,000 funds, including more than 4,600 no-transaction-fee and offshore funds from more than 320 companies
• Offers a low-cost Mutual Fund Only IRA option
• Member of SIPC and provides coverage in excess of SIPC limits from Lloyd's of London, 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
• More than $1 trillion in assets held in custody at Pershing**
• Pershing is a subsidiary of BNY Mellon Corporation

* Pershing's excess of SIPC coverage is provided by Lloyd’s of London in conjunction with XL Specialty Insurance Co., Axis Specialty Europe Ltd., Great Lakes Reinsurance (UK) PLC and Ironshore Specialty Insurance Co.

** As of April 30, 2011