Our Clearing Firm

Since its founding in 1939, Pershing has been recognized as a Wall Street innovator. Initially, Pershing’s vision centered on providing trade execution and clearing services to financial services firms located outside of the New York metropolitan area. Another early decision that set the firm apart was to establish a presence in strategic zones on the floor of the NYSE, a move designed to ensure that the firm provided customers with fast, efficient trade execution. Pershing serves clients in approximately 40 countries, with thousands of dedicated employees located in 23 offices worldwide.

Pershing LLC, Member FINRA, NYSE, and SIPC, is a wholly-owned subsidiary of BNY Mellon, the nation’s oldest continuously-operating bank, and one of the world’s leading providers of securities services. BNY Mellon is a global investments company, dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations, or individual investors, BNY Mellon delivers informed investment management, products, and services in 35 countries and more than 100 markets.

As of March 31, 2023, Pershing has approximately $2.0 trillion in global client assets held in custody. The parent company, The Bank of New York Mellon Corporation, has $46.6 trillion in assets under custody and/or administration, and $1.9 trillion in assets under management.