BNY Pershing
Depends
Confidence: Medium
BNY Pershing is institutional clearing and custody for RIAs, broker-dealers, and hedge funds . a serious fit only if you run one of those.
New check
Comparison
BNY Pershing vs Fidelity Clearing & Custody
Fidelity Clearing & Custody
Starting report…
Pick BNY Pershing when
- RIAs needing full-service custody
- Broker-dealers outsourcing clearing
- Hedge funds needing prime brokerage
- Global wealth platforms
When BNY Pershing is not a fit
- Individual investors wanting a direct brokerage account
- Small teams wanting self-serve SaaS pricing
- Anyone needing published pricing or fast onboarding
- Firms without dedicated ops staff for custody workflows
Sources
- BNY Mellon Reviews . Trustpilottrustpilot.comreview
- 115 Pershing Reviews . PissedConsumerpershing.pissedconsumer.comreview
- Pershing: RIA Custodians . Reddit r/CFPreddit.comreview
- Pershing Reviews . Glassdoorglassdoor.comreview
- Pershing hammered with $1.4M FINRA fine . InvestmentNewsinvestmentnews.comsecurity
security
news
official
- BNY Mellon | Pershing . Welcomeinvestor.pershing.comofficial
- BNY Mellon and Pershing combine operations . Yahoo Financefinance.yahoo.comnews
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