Clearing & Custody

Our offering includes:

• Global clearing, settlement and custody for various asset types
• Multicurrency reporting
• Customizable compliance engine with configurable workflows and alerts
• Advisor access to consolidated client holdings across asset classes
• Award-winning client statements available on preferred channels, including mobile

BNY Pershing/Wealth Services financial strength, backed by parent company BNY, the world's largest global custodians, provides a solid foundation for protecting client assets. While market fluctuations cannot be avoided, our robust internal controls ensure we remain focused on resiliency and stability.

Additionally, a Service Organization Control report evaluates the effectiveness of these controls.

Fully paid physical assets are segregated from BNY Pershing/Wealth Services own, with quarterly vault inspections. Cash and qualifying securities are held in special reserve accounts exclusively for clients, protecting funds in the unlikely event of BNY Pershing/Wealth Services failure.

BNY Pershing/Wealth Services is a FINRA member broker-dealer registered with the SEC, all 50 states, the District of Columbia, Puerto Rico and select foreign jurisdictions.

Our fully outsourced offering includes:

• Custody for most U.S. and non-U.S. marketable products
• Books and records platform with trust and tax lot accounting
• Back-office support: clearing, settlements, corporate actions, money movements, reconciliation
• Proprietary compliance engine with configurable workflows and alerts
• Support for non-marketable assets, including valuation and life-cycle processing
• Custodial and fiduciary tax reporting, plus tax bridge for sub-custody
• Personal and institutional trust services with fund accounting and reporting
• Employee benefit plan support: pension payments, tax reporting, plan websites
• Shadow accounting and reconciliation
• Data for regulatory reporting
• Extensive APIs and micro front-ends library

BNY Mellon, N.A. segregates clients’ securities from the bank’s and other clients’ assets. Securities in a client’s account are the client’s property, held in nominee name and separately accounted for, ensuring that creditors of BNY and its subsidiaries have no claim to these assets. This includes shares of money market mutual funds. All assets remain subject to investment gains or losses.

Regulatory oversight includes SEC filings by BNY as a publicly traded company, supervision by the Federal Reserve as a financial holding company and regulation of BNY Mellon, N.A. by the Office of the Comptroller of the Currency under the U.S. Treasury.