Pershing
"Using the Pershing model, you maintain control over managing your clients’ assets and gain, in a sense, more transparency, with access to a vast network of over 16,000 mutual funds from more than 500 fund families."
In 2008, Pershing, in collaboration with InvestmentNews and CAST Management Consultants, Inc., completed an independent study titled The Broker-Dealer of the Future. One of the key findings reported was that broker-dealers are projected to grow by 21% per year, doubling in size over the next five years. However, a major challenge to turning the growth opportunity into long-term profitability is the need to increase operating efficiency.
By consolidating your clients’ mutual funds at Pershing, you simplify your day-to-day activities, freeing up the time you need to do business so that you can continue to grow your business. Using the Pershing model, you maintain control over managing your clients’ assets and gain, in a sense, more transparency, with access to a vast network of over 16,000 mutual funds from more than 500 fund families.
You can also take advantage of Pershing’s operational support and systems, like NetExchange Pro®, that give you the tools you need to develop, manage and monitor financial plans, activities, and proposals. Gain access to a wide variety of fund families to build more tailored, targeted client portfolios. We can even help you and your broker-dealer design an action plan that will prepare you for and work with you during and after the consolidation process.
Pershing’s Subscribe® platform, available through NetExchange Pro, extends these benefits to consolidating annuity business at Pershing, as well. Subscribe allows you to network your clients’ annuity assets into their existing brokerage account, helping to streamline the processing, servicing and maintenance of annuity contracts. It offers an online annuity processing platform with same-day settlement and gives you a comprehensive view of all client assets on a single screen. You can also track pending, transmitted, cancelled, and issued transactions in real-time through NetExchange Pro, and access annuity product information and timely investment management information online, including post-sale financial activity as reported by the insurance carrier.
What Benefits You Benefits Your Clients
Your clients will benefit from broad diversification potential and the ability to choose from among top asset class performers. For annuity clients, they will enjoy timely premium investments, and no inactive brokerage fees for annuity-only, non-qualified accounts, as well as no annual maintenance fee for qualified accounts. Plus, all clients will no longer need to contend with multiple account or tax statements, which is a significant help come tax season. Through Pershing, your clients also get 24-hour access to their consolidated account information via your firm’s NetExchange Client® site or telephone system.
Security—for You and Your Clients
Pershing has been a leading global provider of financial business solutions for 70 years and serves many of the world’s most respected financial organizations, remaining focused on the safekeeping, servicing, segregation, and reporting of assets held in our custody. Pershing is well capitalized and our capital ratios exceed those required by regulators.
Your clients’ accounts gain the security of account protection through the Securities Investor Protection Corporation (SIPC) and Lloyd’s of London for assets in excess of SIPC limits. The benefits are even more compelling when you consider that, if mutual funds are directly held at the mutual fund company, they may not qualify for SIPC protection.
In addition, Pershing ensures all data through comprehensive security methods, extensive back-up systems, and well-developed contingency plans safeguard your personal data and account information. Since privacy, confidentiality, and identity protection are of such critical importance, we maintain stringent physical, electronic, and procedural safeguards.
Pershing: Capitalize on Consolidation
Consolidating your clients’ assets—and consolidating them with Pershing—provides both you and them with access to the unparalleled resources of a financial solutions provider that has a historical reputation of commitment to quality, service, and security.
To learn more, please contact your home office.
