Cash Management Solutions

Pershing Cash Management Solutions
The Core of a Solid Financial Portfolio

Help investors simplify their finances with Corestone®, our flexible asset management account that combines checking, investing, bill payments and much more. Corestone can help strengthen the relationship between advisor and investor while bringing together nearly all aspects of the investor’s finances to save time, streamline paperwork and more easily manage investment and cash assets.

More Flexibility, Greater Convenience

Corestone makes it easy for investors to deposit, manage and track their money by providing:

  • Direct deposit at no extra charge
  • Online bill payment,1 checking, debit card and mobile wallet transactions through services such as Apple Pay® and Google Pay
  • Debit card cash access through 24 million merchant locations worldwide and 1 million ATMs2
  • A range of competitive, interest-bearing sweep funds with no asset minimum
  • RewardSuite®, a free loyalty rewards program with travel advantages, gift cards and cash1
  • Access to payment systems, including Venmo and PayPal, to help investors easily move funds through Automated Clearing House (ACH) into or out of checking accounts
  • Personalized support 24/7 via an 800 number
  • Available to FINRA and non-FINRA registered broker-dealer firms.

Build Stronger Relationships

Asset management accounts provide opportunities for deeper discussions with investors related to their financial health and goals, which can give advisors greater insight into investing, spending and lending patterns. As a result, advisors tend to develop stronger and broader relationships with their investors who hold asset management accounts. At Pershing, investor accounts with a Corestone asset management account have more than twice the assets of investor accounts that do not have Corestone.3

Cash Management Choice

Help your clients put their uninvested cash to work with an automated sweep of free cash balances into a money market mutual fund or FDIC-insured bank deposit account.4

  • An array of investment options available from industry-leading money market mutual fund providers and FDIC-insured bank deposit sweep programs
  • Some options may also provide tax advantages for non-U.S. residents
  • Convenience of daily rate display on Rateboard in NetX360®, our premier online advisor platform
  • Some cash management sweep options are available to non-U.S. clients. Contact your Pershing Relationship Manager for details.

1 Access to BillSuite varies. Contact your Relationship Manager for more information.

2 Source: VISA, 2018.

3 Pershing LLC, 2019.

4 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.

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