Pershing LLC is a business-to-business provider. We provide global financial solutions to advisors, asset managers, broker-dealers, family offices, fund managers, registered investment advisor firms and wealth managers. Pershing acts as clearing broker under a written agreement with your financial organization.
Beside this, what is the Pershing platform?
A Flexible, Cutting-edge Prime Brokerage Platform
Pershing provides hedge fund and ’40 Act fund managers with an intuitive platform to power their business. We leverage NetX360®, Pershing’s front-to-back-office, open-architecture platform used by more than 100,000 investment professionals worldwide.
Additionally, what are Pershing fees?
Pershing Fee Schedule – Client Fees
| Customer Fees | Price | Unit |
|---|---|---|
| Equities and Exchange Traded Funds | $15 | per transaction |
| Options | $15 | per transaction + $1 per contract |
| Options Excercise and Assignment | $35 | per transaction |
| Fixed Income Securities | $25 | per transaction |
What companies use Pershing?
Pershing affiliates include Albridge Solutions, Inc. and Lockwood Advisors, Inc., an investment adviser registered in the United States under the Investment Advisers Act of 1940.
Who uses Pershing as custodian?
LLBH Private Wealth Management
What is a Pershing account?
A Pershing account is a financial account with Pershing LLC, a clearing firm headquartered in Jersey City, N.J. According to Pershing, InvestmentNews stated in December 2013 that it is the number one clearing firm in the United States. It is a wholly owned subsidiary of The Bank of New York Mellon Corporation.
How many firms does Pershing clear for?
Assets under custody and/or administration
Pershing provides clearing and custody in more than 65 markets and execution in over 60 markets globally. Pershing also facilitates the trading and conversion of more than 50 currencies. We serve approximately 1,400 clients in 40 countries.
Who are Pershing securities?
Pershing Securities Australia provides a market leading third-party clearing, settlement and execution service for stockbrokers, financial advisers, financial intermediaries and any other firm trading on the Australian Securities Exchange (ASX), Chi-X Australia Pty Ltd (Chi-X) and Asia Pacific Stock Exchange Limited ( …
Is Pershing still in business?
Today, BNY Mellon is the Investments Company for the World, providing Pershing and all its clients the backing and resources of a global leader.
How many employees does Pershing have?
3,000 employees
Is Pershing a custodian?
As custodian, we remain committed to the safekeeping, segregation and reporting of our global client assets. … We embrace this responsibility as it ensures that our interests will always be aligned with our clients’ interests.
Who does Northwestern Mutual clear through?
We welcome this opportunity to share with you our order routing practices. Data for orders cleared through Pershing, LLC can be found by going to order routing disclosure and entering Northwestern Mutual as the name of the Broker-Dealer.