Clearing and Custody
Benchmark has chosen Pershing LLC, a subsidiary of The Bank of New York Mellon, for securities clearing and custody. BNY Mellon is the world’s largest custodian with over $27 trillion in assets under custody. Pershing holds client accounts and processes securities transactions. That means your assets are safeguarded by one of the oldest custodians in the world. Since 1939, Pershing has provided brokerage execution, trade clearance, securities data processing and investment access to registered broker/dealers.
Pershing is a member of the NYSE, FINRA and SIPC, and its international affiliates are members of the Frankfurt, Irish and London stock exchanges. With over six million accounts and more than $1 trillion in client assets, Pershing is the largest securities clearing firm in North America and has extensive financial resources.