BNY Pershing

BNY Pershing provides clearing, custody, trading and wealth technology to wealth management and institutional firms, including broker-dealers and advisory firms. It is part of BNY, the corporate brand of The Bank of New York Mellon Corporation. The company reports $3.6 trillion in global client assets and about 1,000 clients in 30 countries.

Firms can hold assets in brokerage custody through Pershing LLC or in bank custody through BNY Mellon, N.A., on one platform that supports multi-entity firms. Its wealth technology covers account opening, servicing and money movement, portfolio management with planning and trading, data and reporting, and investor-facing digital tools. Wove is its operating system for wealth management firms, and NetX360+ is one of its login platforms. Firms can connect third-party tools through APIs and integrations. Other services include banking and lending, managed accounts and investment products, financial planning tools, outsourced trading, prime brokerage, and trading in equities, fixed income and foreign exchange, with 63 clearing and custody markets.

Pershing LLC is a subsidiary of Pershing Group LLC. Brokerage services may also come from an affiliate, Pershing Advisor Solutions LLC, and Pershing X, Inc. provides technology services. The company says about 100,000 professionals use its technology platform. The parent trades on the NYSE under the ticker BNY.