Cash Management Solutions
1 Access to BillSuite varies. Contact your Relationship Manager for more information.
2 Source: VISA, 2022.
3 The money market mutual funds available as sweep options on the Pershing platform only include funds with a constant net asset value (CNAV) of $1 per share. In order to comply with SEC rules governing money market funds (MMFs) that became effective October 2016, all non-government money funds that seek to maintain a CNAV of $1 per share are restricted to investment by retail investors only, defined as accounts registered to natural persons (not entities).
Pershing Advisor Solutions LLC, member FINRA, SIPC, is a wholly owned subsidiary of The Bank of New York Mellon Corporation (BNY Mellon). Clearing, custody or other brokerage services may be provided by Pershing LLC, member FINRA, NYSE, SIPC. Pershing Advisor Solutions relies on its affiliate Pershing LLC to provide execution services. Bank custody and private banking solutions are provided by BNY Mellon, N.A., member FDIC, a wholly owned subsidiary of The Bank of New York Mellon Corporation. Except with respect to uninvested cash held in a bank deposit account chosen by client as part of a sweep election, assets custodied at BNY Mellon, N.A. are segregated from the general assets of BNY Mellon, N.A.