Our Clearing Firm
In May 2008, International Assets Advisory LLC undertook to engage a new clearing firm that would provide stability, security and service excellence to International Assets Advisory and its thousands of retail investment clients nationwide. After an extensive review of clearing firms, the executive committee of IAA unanimously chose Pershing LLC, as our new clearing firm.
Pershing LLC (member FINRA, NYSE, SIPC) is a leading global provider of financial business solutions to more than 1,150 institutional and retail financial organizations and independent registered investment advisors. Located in 20 offices worldwide, Pershing and its affiliates are committed to providing dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management programs and service excellence. Pershing is a member of every major U.S. securities exchange, and its international affiliates are members of the Deutsche Borse, the Irish Stock Exchange and the London Stock Exchange. Pershing LLC is a BNY Mellon company.
Pershing's depth of experience and breadth of resources allow us deliver the most advanced investment capabilities available in the marketplace. Pershing is a market leader and one of the industry's largest solutions providers, with over 70 years in the business. As of September 30, 2009, Pershing has over $747.6 billion in assets held in custody. Its parent company, The Bank of New York Mellon Corporation, has $22.1 trillion in assets under custody and administration.
In addition, Pershing works exclusively with financial services organizations, hedge fund managers, and independent registered investment advisors. With no retail channel, Pershing is completely committed to our and similar businesses. They are an advocate for our interests without conflict, and devote their resources in providing best-in-class financial services products and services to financial services organizations, like us.
What does that mean for you?
More product and service offerings to meet your changing investment objectives
We offer a broad range of leading-edge solutions from lending programs that offer you an alternative way to access credit by leveraging your investments to a large array of multi-currency capabilities to help you take advantage of foreign currency investment opportunities.
Enhanced account reporting documentation to better track your investments
Through Pershing, we offer the #1 brokerage account statements in the industry, as ranked by Dalbar, Inc., a leading financial services market research firm which evaluates and promotes higher standards for investor statements. Our brokerage account statements provide account information in one convenient, easy-to-read statement, and are also available electronically so you can benefit from receiving your statements as soon as they are available and avoid the hassles that are associated with handling hardcopies.
A better online experience
Pershing's state-of-the-art technology capabilities allow us to offer you a robust online brokerage web site that provides an array of tools and capabilities to help you manage your investments. This platform provides easy access to your accounts and allows you to stay current on the latest news and investment research.
For additional information about how Pershing benefits clients of IAA LLC, the following PDF files can be downloaded:
* Pershing Behind the Scenes
* Pershing's Strength, Stability & Focus