BNY Pershing is a financial services company that provides global financial solutions to registered investment advisor firms, among other clients. BNY Pershing has been in business for over 80 years and is considered a leader in clearing and custody services. The company offers a range of services to its clients, including wealth management and investment strategies, financing, collateral management, and global trade execution. BNY Pershing's platforms offer interconnectivity and flexibility, connecting technology and data to help registered investment advisors focus on their clients.
Characteristics | Values |
---|---|
Years in Business | 85 years |
Global Client Assets | $1 trillion |
Platforms | Netx360+, Wove Platform, Wove Connect |
Solutions | Clearing, Custody and Settlement, Prime Brokerage Solutions, Consulting & Implementation, Investment Solutions, Retirement Solutions |
Services | Wealth management, investment strategies, financing, collateral management, global trade execution |
Target Clients | Advisors, enterprises, investors, asset managers, wealth and institutional firms |
What You'll Learn
BNY Mellon Advisors
The advisors at BNY Mellon are carefully selected to deliver strategic insights and personal support, tailored to the unique needs, preferences, and financial goals of each client and their family. They work closely with clients to answer questions, address challenges, and provide guidance on market opportunities, life milestones, and unexpected events.
- Mutual funds managed, advised, or administered by BNY Mellon Investment Adviser, Inc. or its affiliates (BNY Mellon Funds)
- The BNY Mellon Managed Asset Program (the Program), a wrap-fee investment advisory program offering distinct strategies
- Insurance products issued and underwritten by unaffiliated insurance companies
- Proprietary exchange-traded funds (ETFs) managed by BNY Mellon affiliates, held in a BNY Mellon Brokerage Account
It is important to note that BNY Mellon Advisors do not offer or recommend individual stocks, bonds, or mutual funds other than the BNY Mellon Funds. They provide product recommendations after discussing the client's investment goals, risk tolerance, objectives, and other relevant information.
BNY Mellon Investment Management is a leading investment management organization, encompassing BNY Mellon's affiliated investment management and global distribution firms. With access to extensive global resources and a comprehensive suite of innovative wealth solutions, BNY Mellon Advisors can help clients build a unique financial experience.
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Wealth management
BNY Pershing, a global financial solutions provider, offers a range of services to support wealth management firms and their financial advisors and investors. With a focus on innovation and excellence, BNY Pershing has been a trusted partner to many successful financial services firms for over 85 years.
One of their key offerings is the Wove Platform, an intuitive operating system specifically designed for wealth management firms. Wove connects technology and data, delivering a seamless, interoperable platform experience. This enables wealth management firms to navigate changing markets and regulations more effectively, enhancing their profitability and business growth.
BNY Pershing also provides a comprehensive suite of investment advisory services. BNY Mellon Advisors, Inc., their affiliated registered investment adviser, offers a wide range of services, including institutional-quality research, experienced portfolio consulting, and professionally managed advisory portfolios. These services are tailored to meet the needs of investors across all market segments, from emerging to ultra-high-net-worth individuals.
In addition, BNY Pershing offers outsourcing capabilities to help wealth management firms grow their programs while reducing costs and simplifying their operations. Their solutions include a wide range of technology offerings, professionally advised investment options, and research capabilities. BNY Pershing's true interoperable technology allows teams to work seamlessly across multiple applications, accounts, and custodians within a single platform.
With a commitment to client asset protection, BNY Pershing provides rigorous internal control measures, advanced cybersecurity protocols, and business resilience protocols to safeguard personal information and assets. Their scale and strength as part of BNY, a global financial services company, further reinforce their position as a trusted steward of client assets and businesses.
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Investment strategies
BNY Pershing provides global financial solutions to registered investment advisor firms. They help clients power their businesses and maximize opportunities. They have been committed to the safekeeping, servicing, segregation, and reporting of client assets for over 80 years. BNY Pershing is part of BNY, a global financial services company and one of the world's oldest, most trusted banks.
BNY Pershing offers a range of services to help investment advisors navigate changing markets and regulations, enhance profitability, and drive business growth. These services include:
- Wealth management and investment strategies
- Financing
- Collateral management
- Global trade execution
- Clearing, custody, and settlement
- Prime brokerage solutions
- Consulting and implementation
- Retirement solutions
Their platforms offer interconnectivity and flexibility, connecting technology and data so that advisors can focus on their clients. BNY Pershing also provides access to world-class services and solutions to drive growth, including financing, clearance and custody, collateral management, and global trade execution, all on a single platform.
BNY Pershing's investment advisory solutions offer market insights and investment solutions from a top 10 global asset manager and world-class third-party investment. BNY Precision Direct Indexing delivers customized, tax-optimized, institutional-quality index solutions, powered by BNY Pershing X and managed by Mellon.
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Financing
BNY Pershing, a global financial services company, offers a range of financial solutions to its clients, including registered investment advisor firms. With over 80 years of experience, BNY Pershing is committed to the safekeeping, servicing, segregation, and reporting of client assets. The company is trusted by many sophisticated and successful financial services firms as a leader in clearing and custody services.
BNY Pershing provides access to world-class services and solutions, helping clients to enhance their profitability and business growth. Their comprehensive expertise includes financing, collateral management, and global trade execution. BNY Pershing's platforms offer interconnectivity and flexibility, connecting technology and data so that financial advisors can focus on their clients.
The company's Wove Platform is an intuitive operating system specifically designed for wealth management firms, financial advisors, and investors. It integrates technology and data to deliver a seamless, interoperable platform experience. BNY Pershing also offers a range of investment advisory services, including holistic investment advice, portfolio consulting, and professionally managed advisory portfolios.
BNY Mellon Advisors, Inc., the affiliated registered investment adviser of BNY Pershing, offers institutional-quality research, portfolio consulting, and advisory portfolios tailored to meet the needs of investors across all market segments. BNY Pershing's commitment to excellence is demonstrated by its adherence to rigorous tests for financial strength and transparency. BNY, as part of the BNY Pershing brand, is recognised as one of the world's oldest and most trusted banks.
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Global trade execution
When an investor submits a trade, it is sent to a broker who determines the best way to execute it. The broker is legally required to provide the best possible execution for the investor. This includes achieving the best possible price for the trade, especially in the case of large orders that may be broken down into smaller ones. The Securities and Exchange Commission (SEC) requires brokers to report the quality of their executions, including the price obtained compared to the public quote's effective spreads.
There are several methods of executing trades, including manual and automated processes. One method is to send an "Order to the Floor", where a human trader processes the transaction, which can be time-consuming. Another method is to direct the trade to a "Market Maker", who provides liquidity on exchanges such as Nasdaq. A third method is through an "Electronic Communications Network (ECN)", where computer systems electronically match buy and sell orders.
Some financial institutions, such as GIS UK Ltd, offer global trade execution services with a dedicated trading desk operating across global trading hours. They aim to provide optimal execution solutions, utilising technological innovation and a team of experienced professionals to meet their clients' multi-asset trading requirements.
BNY Pershing, a part of BNY, one of the world's oldest and most trusted banks, also offers global trade execution as part of its comprehensive wealth management and investment strategies. They help clients navigate changing markets and regulations, maximising opportunities and driving business growth.
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Frequently asked questions
Pershing, or BNY Pershing, is a financial services company that provides clearing and custody services to other financial services firms. They have been in operation for 85 years and are part of BNY, one of the world's oldest and most trusted banks.
Pershing offers a wide range of services, including wealth management, investment strategies, financing, collateral management, and global trade execution. They also provide access to technology solutions, investment research, and advisory services.
Pershing's clients include wealth and institutional firms, advisors, asset managers, broker-dealers, family offices, fund managers, registered investment advisor firms, and wealth managers.
Pershing works behind the scenes to help financial institutions serve their clients. They provide the tools and solutions that enable financial institutions to better manage their businesses and serve their investors.
Pershing employs multiple layers of advanced physical, electronic, and procedural safeguards, as well as cybersecurity and business resilience protocols, to protect client information and assets. They also have rigorous internal control measures in place to protect client assets.