Lindberg and Ripple has chosen Pershing LLC as the primary custodian for our client’s assets.
Pershing LLC, a BNY Mellon Company, has been a leading global provider of financial business for over 75 years. Pershing has approximately $1.5 trillion in global financial assets and net capital of $2 billion. BNY Mellon has $29.9 trillion in assets under custody or administration and $1.6 trillion in assets under management.
Pershing’s core financial strength provides the first measure of protection for our clients assets with their parent company being the world’s largest global custodian. There are rigorous internal control measures and annual audits from independent audit firms. Clients’ fully paid-for assets are segregated with quarterly vault inspections. Pershing is a member of the SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims of cash. In addition, Pershing provides excess coverage through Lloyd’s and other commercial insures with an aggregate loss limit of $1 billion for eligible securities and a per client loss limit of $1.9 million for cash waiting for reinvestment.
*Source: www.pershing.com 5/19/2017