BNY Mellon Pershing has been a leading global provider of financial business solutions for over 70 years and serves many of the world’s most respected financial organizations, remaining committed to the safekeeping, servicing, segregation and reporting of assets held in custody.
BNY Mellon Pershing’s core financial strength provides the foremost measure of the protection of assets held in our custody. Our parent company, BNY Mellon, is a leading provider of financial services for institutions, corporations and high-net-worth individuals. BNY Mellon Pershing’s financial strength does not protect against loss due to market fluctuation.
BNY Mellon Pershing
- Approximately $1.8 trillion in assets held in custody
- Net capital of $2 billion—well above the minimum requirement
- $33.6 trillion in assets under custody and administration
- $1.8 trillion in assets under management
- Total shareholders’ equity U.S.: $41.5 billion
- Tier 1 capital ratio: 13.1%
- Total capital ratio: 13.8%
- Market capitalization U.S.: $53.9 billion
Evaluation and Segregation of Assets
As required, BNY Mellon Pershing segregates investor assets, which are fully paid-for, from its own assets. Therefore, in the unlikely event of the financial failure of BNY Mellon Pershing, investors’ fully paid-for assets will remain separate from BNY Mellon Pershing’s own assets. In addition to this, BNY Mellon Pershing takes the following measures to protect investors’ assets:
> Annual audit by a major independent audit firm and the audit team at our parent company, BNY Mellon
> An annual SSAE18 Type II audit is performed (as required) by a major independent audit firm to provide additional evaluation of the design and operating effectiveness of BNY Mellon Pershing’s internal controls related to:
- Account transfers
- Clearance and settlement
- Confirmations and cash management functions
- Corporate actions
- Customer billing
- Foreign exchange and prime brokerage controls
- Margin monitoring
- Order and trade processing
- Physical custody
> BNY Mellon Pershing is required to maintain enough liquid assets, net of any liabilities, to ensure the return of investors’ fully paid-for assets in the event of BNY Mellon Pershing’s failure and liquidation
> Quarterly vault inspection and securities verification to confirm custody of fully paid-for investors assets
BNY Mellon Pershing is a member of the Securities Investor Protection Corporation (SIPC®).
> As a result, securities in your account are protected up to $500,000 (of which $250,000 can be for claims for cash awaiting reinvestment). For details, please see www.sipc.org
> Please note that SIPC does not protect against loss due to market fluctuation
Excess of SIPC Coverage Led by Lloyd’s of London
An investment firm’s most critical obligation is to ensure the highest level of safety for client assets.
Our client brokerage accounts are held by, and security transactions are handled by, BNY Mellon Pershing, the world’s largest securities clearing firm. BNY Mellon Pershing is an affiliate of BNY Mellon, the nation’s oldest bank, founded in 1784. BNY Mellon Pershing is a member of the New York Stock Exchange and every other major U.S. securities exchange.
The Securities Investor Protection Corporation (SIPC®) provides account protection up to $500,000 in value, including $100,000 in cash awaiting reinvestment. SIPC provides protection for brokerage firms against losses should a SIPC member firm fail financially and become unable to meet obligations of its securities clients. More information about the protection of account assets through SIPC is available at www.sipc.org. BNY Mellon Pershing and Bolton Global Capital are SIPC member firms. For additional security, BNY Mellon Pershing provides coverage in excess of SIPC limits, see the following link for details: http://www.pershing.com/strength_stability.html.
Since 1939, BNY Mellon Pershing has been a leading provider of financial business solutions focused on the segregation, safekeeping, servicing, and reporting of client assets in their custody. Please refer to BNY Mellon Pershing’s Statement of Financial Condition for additional information.
BNY Mellon Pershing’s parent company, BNY Mellon, has a capitalization of approximately $57 billion as of December, 2017, and holds $31.1 trillion in assets under custody and administration as of December 2017. Please refer to BNY Mellon’s website for current financial statements and reports.