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Pershing Clearing Services

LPL Financial has partnered with Pershing LLC to bring independent advisors the strength of its straight-through transaction processing capabilities. Since 1939, Pershing LLC has excelled in providing execution, clearing, settlement, custody and technology solutions to financial organizations across the globe. Pershing’s highly experienced senior management team is complemented by the expertise of seasoned operations and IT professionals, as well as relationship management teams, conversion specialists and product development specialists, all working together to support your independent practice.

Pershing provides operational efficiency through a dependable IT infrastructure and a flexible environment that will help you meet your goals in the areas of timeliness, accuracy and cost-efficiency in trade execution.

Capabilities
Pershing LLC is a subsidiary of The Bank of New York Mellon Corporation. Pershing’s goal as an organization is to anticipate the changing needs of investment professionals to strengthen their competitive positions and help them to better serve their clients.

Pershing’s framework is comprised of more than 4,300 highly focused, experienced professionals who develop and support the interests of financial organizations through an established service team approach, featuring dedicated relationship managers.

Pershing works behind the scenes to provide the people, services and technologies that help make successful investments possible. Pershing provides a diverse array of support, including

  • Securities processing
  • Trading and operations management
  • Investment technology
  • Asset-gathering solutions
  • Practice management support

Clearing Services
Pershing’s trading and service desks are renowned for creative problem solving and customized services, giving customers what they need most: professional service and the ability to satisfy multiple functions through a central location. Because Pershing’s professionals understand the markets as well as investors in those markets, they are able to offer the highest quality service, including expert execution services for satisfying both advisor and investor needs.
        
Listed and OTC Securities
Pershing’s desk makes markets in New York Stock Exchange®, American Stock Exchange®, and NASDAQ® listed stocks, as well as Bulletin Board stocks and Pink Sheet stocks. Specifically, the desk makes a market in over 730 listed stocks and over 3,500 Bulletin Board and Pink Sheet stocks combined. Through electronic market making capabilities, you can expect Pershing to provide you with additional liquidity and increased speed of execution, whether you have retail or institutional-size order flow.

Fixed Income
Pershing is a market maker and provider of sales expertise in a wide variety of products and services, including:

  • Corporate Bonds
  • Euro Dollar Bonds
  • Government Bonds
  • Money Market Instruments
  • Mortgage-backed Securities
  • Municipal Bonds
  • Preferred Stocks
  • Unit Investment Trusts

Mutual Funds
Pershing offers the ability to execute, settle, and maintain custody for more than 11,500 load and no-load funds and provides the facilities to process dividend reinvestment, exchanges and systematic withdrawals.

Foreign investments
Pershing provides access to execution, clearing, settlement, and reporting services for foreign instruments. They can settle overseas transactions in any major foreign currency, or in US dollars, through our domestic facilities or our London subsidiary, Pershing Limited. Pershing’s network of custodial agents and multi-currency capabilities helps ensure fast, accurate service.

Operations and Technology
Pershing is a recognized leader in the development of operational processes and information management technology. Pershing currently has more than 650 system architects, engineers, and programmers dedicated to this business. These professionals are engaged in developing new systems and maintaining the integrity of existing systems.
  • Communications and data processing systems are designed to accommodate high order volumes while delivering customized information
  • The cornerstones of Pershing’s technology are reliability, efficiency and flexibility
  • Proprietary systems provide control over processes and safeguard the confidentiality of customers’ accounts
  • Automating routine processes enhances speed, reduces the potential for errors and frees more resources to focus on special situations and opportunities
  • Pershing clients have direct access to the Pershing network