BNY Mellon Pershing

BNY Pershing occupies a position in the wealth infrastructure market that few firms can replicate: it is the clearing and custody arm of the world’s largest custodian, BNY, with $3 trillion in global client assets and operations spanning 64 clearing and custody markets. For wealth firms and RIAs evaluating clearing providers, that institutional depth matters when handling multi-entity structures, complex securities lending, or cross-border settlement. The platform is not a boutique tool but a full-stack infrastructure layer built for firms that need institutional-grade capabilities at scale.

The Pershing offering for wealth firms bundles several distinct functions into one relationship:

• Single bank and brokerage custody platform supporting complex, multi-entity client structures
• Managed accounts, retirement and tax strategies, securities-based lending, and philanthropic solutions
• Wove, a wealth technology platform recognized for advisor workflow automation
• Access to 300+ client-facing professionals covering custody, trading, lending, and investments
• Growth and transition support specifically designed for breakaway advisors and RIAs

Family offices working with RIAs or operating as multi-entity wealth firms may find Pershing relevant as a clearing and custody backbone, particularly where their advisors already use the platform. The firm does not position itself as a direct family office service provider; its primary client is the wealth firm or financial advisor, not the end investor. Pricing is not publicly disclosed, and the platform’s scale means smaller single-family offices are unlikely to be a direct fit. Firms requiring a pure-play family office service or consolidated reporting across external custodians should evaluate whether Pershing’s advisor-first architecture aligns with their operational structure.