Summit Brokerage Services, Inc. formed a strategic relationship with Pershing,
LLC to execute, clear and custody the assets of our
advisor’s clients. Collectively as a strong partner with
Pershing, Summit is able to deliver innovative products
and services to our professional financial advisors and
clients throughout the United States.
Pershing’s 70 year history and financial stability as a
subsidiary of BNY Mellon, provides Summit with the
comfort, assurance and strength in being affiliated with
one of the leading financial institutions in the world.
You want your business to achieve its maximum potential.
That is why Summit looked to a partner who can deliver
maximum support—a partner like Pershing, committed to
helping you grow your business without limits.
Pershing is the industry's largest global business
solutions provider, with more customers who clear with
Pershing than with any other clearing firm. Pershing
offers unequaled experience built over seven decades of
serving financial organizations of every size and
You can gain confidence from Pershing’s financial
position. Pershing has over $1 trillion* in global client assets held in
custody, and their parent company,
The Bank of New York Mellon Corporation, has $27.4
trillion in assets under custody and administration.
Pershing's market leadership enables them to make an
exceptional investment in our advisors success. Pershing
offers state-of-the-art technology, a highly reliable
and scalable infrastructure, and a host of innovative
products and services.
Pershing exclusively serves financial organizations,
money managers, and registered investment advisors, and
registered representatives with no retail lines of
business to distract them, and no proprietary trading
for their own book of business.
Pershing’s story begins and ends with people. Pershing
invests in a high-touch, dedicated service model, and
takes a consultative approach to helping Summit succeed.
Pershing’s long associate tenures lets them build
lasting relationships with experienced professionals who
know the business.
Pershing is the industry's largest global outsourcing
provider, serving more than 300 international financial
organizations and doing business in more than 60
markets. They are also nationally recognized
as a one-stop,
full-service global solution with integrated,
multicurrency clearing and execution, plus a full range
of global resources.
Strength and Stability
Pershing LLC has been a leading global provider of
financial business solutions for over 70 years and
serves many of the world’s most respected financial
organizations, remaining committed to the safekeeping,
servicing, segregation and reporting of assets held in
Financial Strength—September 30, 2013
Pershing’s core financial strength provides the foremost
measure of the protection of assets held in their
custody. Their parent company, BNY Mellon, is a leading
provider of financial services for institutions,
corporations and high-net-worth individuals. Please note
that Pershing’s financial strength does not protect
against loss due to market fluctuation.
Over $1 trillion in global client assets
$27.4 trillion in assets under custody and
$1.5 trillion in assets under management
Evaluation and Segregation of Assets
As required, Pershing segregates investor assets, which
are fully paid-for, from its own assets. Therefore, in
the unlikely event of the financial failure of Pershing,
investors’ fully paid-for assets will remain separate
from Pershing’s own assets.
Pershing is a member of the Securities Investor
Protection Corporation (SIPC®). As a result, securities
in client accounts are protected up to $500,000
(including a maximum of $250,000 for claims for
uninvested cash awaiting reinvestment). For details,
SIPC coverage does not protect against loss due to
market fluctuation of investments.
*As of September 30, 2013.