Pershing
Pershing LLC has been a leading global provider of financial business solutions for over 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 custody. Pershing’s trading desks focus primarily on customer facilitation. This enables us to offer an unconflicted approach to serving financial organizations, money managers and independent registered investment advisors—we advocate for our customers’ interests and support them exclusively, with no retail channel servicing investors directly. Pershing does not participate in credit default swaps or residential mortgage lending or securitization. Our core financial strength provides the foremost measure of the protection of assets held in our custody. You may refer to Pershing's Statement of Financial Condition for additional information. However, Pershing's financial strength does not protect against loss due to market fluctuation.
Pershing's parent company, BNY Mellon, is one of the world's strongest global financial institutions, holding $22.3 trillion in assets under custody and administration.1 BNY Mellon remains highly liquid, as it is funded primarily by deposits from institutional businesses.
Pershing is a member of the Securities Investor Protection Corporation (SIPC®). As a result, securities in your account are protected up to $500,000. For details, please see www.sipc.org. Please note that SIPC does not protect against loss due to market fluctuation. In addition to SIPC protection, Pershing also provides coverage in excess of SIPC limits through a private insurer, Lloyd’s of London. You can learn more about the SIPC and Lloyd's of London from the Useful Information links provided on the right.
1 As of December 31, 2009.
Pershing remains focused on the safekeeping, segregation and reporting of assets held in custody.