Strength & Stability Opens Markets
Our Correspondent Clearing group provides comprehensive custody and clearing solutions for mid-sized broker dealers and investment advisers. Our clients choose us because we offer lower costs, lower minimums and personalized service – all of which allow them to compete with much larger firms. We give them access to more products and more markets. And we help them manage and grow their businesses with next-generation technology.
- Execution, Clearing and Settlement in more than 60 markets with multicurrency capabilities
- Online access to more than 100,000 bonds, 23,000 mutual funds and 1,600 ETFs
- Full trade desk support for fixed income, options, foreign securities, algorithms and other complex orders
- Multiple business model capabilities: commission, advisory, retail, self-directed, institutional
- Full suite of customizable management, reporting and compliance tools
- Access to integrated business solutions from more than 250 third party providers
In the end, it comes down to strength and stability. Clearing, settlement and custody are provided by Pershing, LLC, the industry’s largest provider of global clearing. With approximately $2 billion in net capital, Pershing's core financial strength provides the first measure of protection for your customer assets. Pershing’s parent, BNY Mellon, has over $38 billion in shareholders’ equity.