ADDITIONAL SERVICES
TRADING SERVICES
EXECUTION
Cash Management
Comprehensive asset management, Corestone, combines all brokerage, checking, money market fund, and MasterCard debit card activity into a cohesive package, and consolidates the assets and transactions onto a monthly brokerage account statement. Corestone is available in several packages, each offering different optional services, such as a reward program and online bill payment and presentment.
Money Funds
Intensify the growth potential of your portfolios by choosing to sweep your uninvested account balances to a money market fund in the Federated family.
Mutual Funds
We can offer an opportunity to invest in one of the largest and most diverse selections of onshore and offshore mutual funds in the industry, by accessing more than 28,000 mutual funds from more than 800 fund families through our mutual fund supermarket.
Retirement Planning
Promote a full line of flexible, investor-focused accounts, featuring a broad range of self-directed investment choices. Our clients can take advantage of such products as Individual Retirement Accounts (IRAs), Roth IRAs, Mutual Fund-Only IRAs, and Rollover IRAs, as well as Education and Health Savings Accounts and 403(b)(7) custodial accounts. Additionally, you can tap into a comprehensive range of employer-sponsored plans, such as simplified employee pension (SEP) plans, salary reduction SEP (SARSEP) plans, savings incentive match plan for employers (SIMPLE) plans and qualified retirement plans, including 401(k), Individual(k), profit sharing and money purchase pension plans.
Statements
Pershing LLC, provides your brokerage account statements. For the third consecutive year, Pershing achieved the #1 ranking for brokerage statements in DALBAR’s annual Trends & Best Practices in Investor Statements, achieving the highest score ever received by a firm. This is the fifteenth consecutive year that their brokerage account statement has received the “Excellent” rating from DALBAR, an independent firm that identifies best-in-class communications that assist clients in understanding and managing investments (2021).
Account asset protection
Pershing remains focused on the safekeeping, servicing, segregation and reporting of assets held in their custody.
SECURITIES INVESTOR PROTECTION CORPORATION (SIPC®) COVERAGE
Pershing is a member of SIPC. Securities in your account are protected up to $500,000. For details, please see sipc.org.
EXCESS OF SIPC COVERAGE THROUGH UNDERWRITERS AT LLOYD’S AND OTHER COMMERCIAL INSURERS
In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits from certain underwriters in Lloyd’s insurance market and other commercial insurers. The excess of SIPC coverage is valid through February 10, 2023, for Pershing LLC accounts. It provides the following protection for Pershing LLC’s global client assets:
- An aggregate loss limit of $1 billion for eligible securities—over all client accounts
- A per-client loss limit of $1.9 million for cash awaiting reinvestment—within the aggregate loss limit of $1 billion
SIPC and the excess of SIPC coverage do not protect against loss due to market fluctuation.
An excess of SIPC claim would only arise if Pershing failed financially and client assets for covered accounts—as defined by SIPC—cannot be located due to theft, misplacement, destruction, burglary, robbery, embezzlement, abstraction, failure to obtain or maintain possession or control of client securities, or to maintain the special reserve bank account required by applicable rules.
TRADING SERVICES
Fixed Income
Pershing’s full-service fixed income trading desks provide personal support and access to a comprehensive array of fixed income securities. Pershing’s seasoned professionals leverage their extensive knowledge of fixed income markets and strategic alliances with bulge-bracket firms.
Equities and Options Trading
Pershing’s Agency Sales Trading Desk, Options Trading Desk, Foreign Equity Desk and networks of NYSE® floor brokers provide best execution for all equity and option orders.
EXECUTION
Best Execution
Today, when milliseconds count, you need reliable resources to help you achieve best execution in a dynamic and competitive marketplace. Pershing’s Best Execution Steering Committee provides overall leadership and guidance on execution quality and best execution monitoring, focusing on equities, options and fixed income.
Global Trading Solutions
Access markets worldwide through Pershing’s global solutions. Pershing’s Foreign Equity Desk provides multi currency execution capabilities in more than 65 exchanges through Pershing’s own exchange memberships, local relationships and third-party electronic access. Pershing’s foreign exchange capabilities facilitate the trading and conversion of nearly 50 of the world’s most widely held currencies, including spot and forward transactions. Their experienced fixed income professionals offer expertise in non-US dollar-denominated bonds and are able to trade a wide array of global debt instruments.
Trading Technology
Pershing’s strategic systems architecture provides a basis for efficient, responsive, and flexible trading. Comprehensive security methods safeguard confidential data and account information at all times. Well-planned applications have the capacity to handle four times thrier peak volume. Using IBM® technology, they can deliver business continuity that is nearly seamless to you our clients.
