About Cetera Advisor Networks’ Clearing Firm
Pershing LLC (member FINRA, NYSE, SIPC) is a leading global provider of financial business solutions to more than 1,200 institutional and retail financial organizations and independent registered investment advisors who collectively represent approximately five million active investors. Pershing LLC fulfills a legal responsibility for safeguarding your assets, while also providing related administrative services on your behalf. These include settlement of purchases, tax and account record keeping, monthly statements, confidentiality, data integrity protections, and more. Pershing is a subsidiary of the BNY Mellon Company, which is the nation’s oldest continuously operating banks and one of the world’s leading providers of securities services.
With worldwide offices, Pershing is committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support, and service excellence. Pershing is a member of every major U.S. securities exchange.
Pershing must meet certain net capital requirements. The firm is subject to regular audits, both internally and by independent firms, to ensure the appropriate handling, segregation and protection of investors’ assets. Accounts are protected by SIPC coverage of $100,000 for cash, up to $500,000 per account for securities. Pershing has secured additional insurance, through Lloyd’s, of an additional $1.9 million per client.
We want you to feel confident that you understand, to your satisfaction, how we work with and through Pershing, why we work with Cetera Advisor Networks, and the absolute priority we place on our relationship with you. Anytime you would like more information, please do not hesitate to ask.
