Pershing LLC is an Approved Nonbank Custodian for Retirement Accounts

Pershing LLC acts on behalf of many financial organizations as a custodian for retirement accounts. Any custodian that is not a bank or insurance company—such as Pershing—is required to obtain approval from the Internal Revenue Service (IRS) to operate as a nonbank custodian for retirement accounts.
 
To verify Pershing’s approved status, provided below are links to the letters issued by the IRS. These letters authorize Donaldson, Lufkin, & Jenrette Securities Corporation (DLJSC)—which later changed its name to Pershing LLC—to act as a nonbank custodian, confirm The Bank of New York Company, Inc.'s (now The Bank of New York Mellon Corporation) acquisition of Pershing, and indicate that Pershing LLC was added to the IRS list of approved Nonbank Trustees.

To review copies of the IRS letters that apply to the type of retirement account that you own, please select the appropriate link below:

Individual Retirement Accounts (IRAs) and Education Savings Accounts (ESAs)
Qualified Plans, such as 401(k) and Profit Sharing Plans
403(b)(7) Custodial Accounts