
Pershing LLC is a leading financial services firm that offers a range of business and investment services to its clients. Founded in 1939, Pershing has built a reputation for providing secure and reliable solutions for financial professionals.
Pershing's business and investment services cater to a wide range of clients, including financial advisors, registered investment advisors, and institutional investors. These services include custody, clearing, and settlement of securities transactions.
Pershing's platform provides a comprehensive suite of tools and resources for financial professionals to manage their clients' investments and provide tailored advice. This includes access to a vast network of financial products and services.
Pershing's investment services include brokerage, trading, and investment research, allowing clients to make informed investment decisions.
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Protection and Security
Pershing LLC takes the security of your account very seriously. They are a member of the Securities Investor Protection Corporation (SIPC), which means your securities are protected up to $500,000, with a maximum of $250,000 for uninvested cash awaiting reinvestment.
You can find more information about SIPC coverage on the SIPC website or by downloading their brochure. Pershing also has its own SIPC/Excess SIPC protection through Lloyd's of London, which provides additional protection beyond the standard SIPC coverage.
For more details on how SIPC protects you, you can visit the SIPC website or check out Pershing's "Strength and Stability" webpage, which includes information about their SIPC/Excess SIPC protection through Lloyd's of London.
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SIPC Protection
SIPC Protection is an essential safeguard for your investments. Pershing, the company that carries and clears your brokerage account transactions, is a member of the Securities Investor Protection Corporation (SIPC).
Pershing provides SIPC coverage, which protects your securities up to $500,000, including a maximum of $250,000 for uninvested cash awaiting reinvestment. You can find more information on SIPC at www.sipc.org.
In addition to SIPC protection, Pershing offers excess of SIPC coverage through underwriters at Lloyd's and other commercial insurers. This coverage is valid through February 10, 2018, and provides an aggregate loss limit of $1 billion for eligible securities across all client accounts.
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Here are the key details of the excess of SIPC coverage:
- An aggregate loss limit of $1 billion for eligible securities across all client accounts.
- A per-client loss limit of $1.9 million for cash awaiting reinvestment within the aggregate loss limit of $1 billion.
It's essential to note that SIPC and excess of SIPC coverage do not protect against loss due to market fluctuations. These protections only apply if Pershing fails financially and client assets for covered accounts cannot be located due to theft, misplacement, destruction, or other specified reasons.
Commitment
Pershing exclusively serves financial organizations, money managers, and registered investment advisors, and registered representatives with no retail lines of business to distract them, and no proprietary trading for their own book of business.
This focus allows Pershing to tailor its services to the unique needs of its clients, providing a level of commitment that is hard to find elsewhere.
Pershing's commitment to serving only financial professionals means that it can offer a range of specialized services and tools that are designed to help its clients succeed.
By keeping its focus narrow and its expertise deep, Pershing is able to provide a higher level of protection and security for its clients' assets.
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Business Overview
Pershing LLC is a global financial services firm that provides a wide range of solutions to financial advisors, institutions, and individuals. It was founded in 1939 and has since grown to become one of the largest and most respected players in the industry.
Pershing's expertise lies in providing custody, clearing, and execution services to its clients. This involves holding and safeguarding clients' assets, as well as executing trades on their behalf.
Pershing's parent company is BNY Mellon, a multinational bank that provides financial services to institutions, corporations, and individuals. This partnership has enabled Pershing to leverage BNY Mellon's resources and expertise to expand its services and reach.
Pershing's services are used by over 1,500 financial institutions and 7,000 financial advisors worldwide. This extensive network allows Pershing to provide its clients with a global perspective and access to a wide range of financial products and services.
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Financial Strength
Pershing LLC has been a leading global provider of financial business solutions for almost 80 years.
Pershing's commitment to safekeeping, servicing, segregation, and reporting of assets held in custody is unmatched in the industry.
Pershing's parent company, BNY Mellon, is a leading provider of financial services for institutions, corporations, and high-net-worth individuals.
Pershing's core financial strength provides the first measure of protection for global client assets.
Internal controls and regulatory oversight help provide stability and focus, even in times of market fluctuation.
Pershing's financial strength is a testament to its long-standing reputation as a trusted partner in the financial industry.
Pershing's commitment to financial strength has enabled it to serve many of the world's most respected financial organizations.
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Asset Management
Pershing LLC offers a range of asset management services to help financial professionals like you grow and protect their clients' wealth.
Pershing's asset management capabilities are built on its robust custody platform, which provides real-time account access and trading capabilities.
Pershing's advanced reporting and analytics tools help financial professionals make informed investment decisions.
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By leveraging Pershing's asset management services, financial professionals can streamline their operations, reduce costs, and improve their overall client experience.
Pershing's asset management capabilities are designed to support a wide range of investment strategies, from traditional to alternative investments.
Pershing's experienced investment professionals work closely with financial professionals to develop customized investment solutions that meet their clients' unique needs.
Pershing's asset management services are designed to help financial professionals like you grow and protect your clients' wealth over the long term.
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Partnerships and Relationships
Pershing LLC has built a strong network of partnerships and relationships that enable them to serve their clients effectively. They are the industry's largest global outsourcing provider, serving over 300 international financial organizations.
Their global reach extends to more than 60 markets, providing a comprehensive solution for clients operating across different regions. This extensive network allows them to offer integrated, multicurrency clearing and execution services.
With a nationally recognized reputation as a one-stop, full-service global solution, Pershing LLC is well-positioned to meet the diverse needs of their clients.
Global Reach
Pershing is the industry's largest global outsourcing provider, serving more than 300 international financial organizations.
Their global reach is impressive, with a presence in over 60 markets worldwide.
Pershing does business in more than 60 markets, demonstrating their commitment to serving a diverse range of clients.
They are nationally recognized as a one-stop, full-service global solution, offering integrated, multicurrency clearing and execution, and a full range of global resources.
Lincoln Investment Planning, LLC and BNY Mellon Announce Custodial Relationship
Lincoln Investment Planning, LLC and BNY Mellon's Pershing Announce a New Custodial Relationship. Lincoln Investment will use BNY Mellon Pershing's NetX360+ custodial technology platform to support its clients.
This platform will provide market data, news, research, financial planning, and reporting tools. Lincoln Investment's clients will also have access to BNY Mellon Pershing's NetXInvestor portal, offering a wide range of resources and easy access to account information.
BNY Mellon's Pershing is a leading provider of clearing and custody services, uniquely positioned to help complex financial services firms transform their businesses. Pershing brings together high-touch service, an open digital platform, and the BNY Mellon enterprise to deliver a differentiated experience for every client.

Pershing has over $2 trillion in assets and millions of investor accounts, with offices around the world. Pershing affiliates include Pershing X, Inc. and BNY Mellon Advisors, Inc., an investment adviser registered in the United States under the Investment Advisers Act of 1940.
Lincoln Investment is a leading broker-dealer with over 55 years of proven industry leadership. Its network includes over 1,000 financial professionals nationwide, serving the diverse financial needs of over 355,000 clients representing $49 billion in assets.
Background and Information
Pershing LLC was purchased by Bank of New York in 2003 for $2 billion from Credit Suisse First Boston.
It offers a range of services, including clearing and executing transactions in listed and OTC equities, mutual funds, and bonds, as well as cash management and managed funds to the securities industry.
Pershing focuses solely on institutions and advisors, doing no retail-securities business and not trading on its own account.
It has 19 offices around the world, making it a global player in the securities industry.
In 2008, its U.S. securities-processing operations experienced a breakdown due to heavy trading volume, forcing brokers and investors to execute transactions by phone or fax.
Pershing began offering its Certificate of Deposit Account Registry Service (CDARS) in November 2008, allowing clients of its customers to invest in large-denomination FDIC-insured certificates of deposits.
Frequently Asked Questions
Who owns Pershing Group LLC?
Pershing Group LLC is owned by The Bank of New York Mellon Corporation (BNY Mellon). BNY Mellon is the parent company of Pershing Group LLC.
What are the issues with Pershing LLC?
Pershing LLC is facing allegations of providing inaccurate interest rate information and incorrect account statements to over one million customers. This has raised concerns about the company's data accuracy and customer communication practices.
How do I contact Pershing LLC?
To contact Pershing LLC, call 201-413-3333 for account balance verification or reach out to your financial advisor for other questions. Visit our investor information page for additional contact options.
When did BNY acquire Pershing?
BNY Mellon acquired Pershing in 2003, as part of a long history of financial leadership that dates back to 1784 when Alexander Hamilton founded The Bank of New York.
What is Pershing in banking?
Pershing is a financial services company that provides clearing services and acts as the custodian of assets for investment accounts. It is a member of the New York Stock Exchange and regulated by FINRA.
Sources
- https://www.northlandsecurities.com/wealth-management/pershing-llc/
- https://summitfinancialnetworks.com/pershing-llc/
- https://www.mtnewswires.com/news/3532
- https://www.prnewswire.com/news-releases/lincoln-investment-planning-llc-and-bny-mellons-pershing-announce-a-new-custodial-relationship-301956161.html
- https://www.marketswiki.com/wiki/Pershing_LLC
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