Why Choose BNY?
What makes our platform different? BNY is the only platform provider who can offer a modular array of solutions featuring these four interconnected elements to service virtually any business model.
Custody Solutions at BNY
Bank and Brokerage Custody
Efficiency, sophistication and a seamless experience are all mindfully crafted in our proprietary technology that provides access to our bank and brokerage custody information and the ability to have a single operating experience.
Advisory and Custody
Choose from a wide assortment of technology solutions, professionally advised investment offerings, and outsourcing capabilities designed to help you grow your program, reduce costs and simplify your business.
Operations and Technology
Our digital experience delivers easy integration, ability to process bank and brokerage activity within a single operating platform, and mobile user experiences for advisors and investors.
Wealth as a Service
Our combined capabilities in outsourced investments, wealth technology, data tools and custody comprise our comprehensive Wealth Services platform.
Our Solutions:
- Brokerage Custody
- Bank/Trust Custody
- Brokerage Custody
- Bank/Trust Custody
What We Offer
Our solutions include:
- Global clearing, settlement and custody for equities, fixed income, annuities and more
- Multicurrency reporting capabilities
- A proprietary, rules-based, compliance engine, configurable workflows and fully integrated alerts setup - all customizable by your firm
- Advisor access to reporting and a single view of client holdings, including US and non-US equities and fixed income, mutual funds, alternatives and annuity policies
- Award-winning client statements and information delivered the way investors prefer—including on mobile device
BNY Pershing’s core financial strength provides the first measure of protection for our global client assets. Our parent company, BNY, is one of the world’s largest global custodians. While financial strength does not protect against loss due to market fluctuation, our internal controls and regulatory oversight help maintain our stability and focus.
BNY Pershing protects client assets through rigorous internal control measures. An annual audit by a major independent audit firm and the audit team at our parent company, BNY, helps to monitor controls that are in place. In addition, a Service Organization Control report conducted by an independent audit firm provides additional evaluation of the design and operating effectiveness of BNY Pershing’s internal controls.
Clients’ fully paid-for physical assets are segregated from our own, with quarterly vault inspections conducted. In addition, we segregate cash and/or qualifying securities in special reserve bank accounts for the exclusive benefit of clients, to protect clients’ funds in the unlikely event of BNY Pershing’s failure and liquidation.
BNY Pershing is a FINRA member broker-dealer registered with the U.S. Securities and Exchange Commission (SEC). BNY Pershing is registered in all 50 states as well as the District of Columbia and Commonwealth of Puerto Rico, and certain foreign jurisdictions.