H. Beck, Inc., clears through Pershing LLC , a subsidiary of BNY Mellon. An industry leader, Pershing is the choice of more broker-dealer customers than any other clearing firm, and one out of every five broker-dealers relies on its technology to run their businesses.
Since 1939, Pershing has been providing comprehensive brokerage execution, clearance, data processing, and financial products and services to broker-dealers worldwide. Its highly integrated online platform provides access to consolidated account information, a variety of third-party market research, financial planning tools, quotes and news.
The Industry's #1 Clearing Firm
Pershing clears for nearly 70 percent of the top 50 independent broker-dealers and over 80,000 independent Financial Professionals. Globally, Pershing is the leading provider of financial business solutions to more than 1,500 institutional and retail financial organizations and independent RIAs who collectively represent over five million active investors.
As the industry’s #1 clearing firm, Pershing works behind the scenes with its broker-dealer customers to support their Financial Professionals with proactive, exceptional service, allowing them to exceed their clients’ expectations. When you work with a Pershing-affiliated broker-dealer, you have access to everything you need to bring your business to a new level.
Pershing provides some of the best technology, product, and practice management solutions in the industry. More than 100,000 professionals use Pershing’s technology platform for Financial Professionals and broker-dealers.
Stability and Security
As of September 30, 2015, Pershing has approximately $1.5 trillion in global client assets held in custody and operates with net capital of about $2 billion.
Serving many of the world's most respected financial organizations, Pershing remains committed to the safekeeping, servicing, segregation and reporting of assets held in custody.
Read Pershing's 2015 Q3 document:
Understanding the Protection of Client Assets: Pershing's Strength, Stability and Focus
Pershing is a member of SIPC, the Securities Investor Protection Corporation, and provides coverage in excess of SIPC limits from Lloyd’s of London in conjunction with other insurers.