Asked by: Mankilef Herrastiscience genetics
Is Pershing a clearing firm?
Last Updated: 27th January, 2020
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Also to know is, who clears through Pershing?
Clearing firms used by the top independent broker-dealers Click column headers to sort fields…
|3||NFP Securities Inc.||National Financial Services LLC/Pershing LLC|
|4||Raymond James Financial Services Inc.||Raymond James & Associates Inc.|
One may also ask, is Pershing LLC a custodian? Pershing LLC acts on behalf of many financial organizations as a custodian for retirement accounts. Any custodian that is not a bank or insurance company—such as Pershing—is required to obtain approval from the Internal Revenue Service (IRS) to operate as a nonbank custodian for retirement accounts.
Secondly, is Pershing a clearing house?
As the industry's largest provider of clearing and settlement solutions,¹ BNY Mellon's Pershing can help you power your business by driving growth, creating scale and managing costs, and helping you stay ahead of new regulations.
Who are Pershing securities?
Pershing Securities Limited operates as a brokerage firm. The Company offers a range of solutions including global trade execution, clearing and settlement, investment administration, and safe custody. Pershing Securities serves clients worldwide.