Client account protections
Pershing, LLC
An investment firm’s most critical obligation is to ensure the highest level of safety for client assets.
Dow Investment Group client brokerage accounts are held by, and security transactions are handled by, Pershing, LLC, the world’s largest securities clearing firm. Pershing is an affiliate of the Bank of New York, the nation’s oldest bank, founded in 1784. Pershing is a member of the New York Stock Exchange and every other major U.S. securities exchange.
All Pershing accounts enjoy unlimited account protection. The Securities Investor Protection Corp. (SIPC) provides protection up to $500,000 (of which no more than $100,000 can be in cash). The additional account protection is provided by private insurance companies.
Of note: SIPC and private insurers protect against member business failure, but do not protect against the loss of investment principal due to changes in market value.
About Pershing:
- Pershing has provided financial and clearing services since 1939.
- With Pershing, the Bank of New York has equity capital of $9.5 billion and total assets of over $100 billion.
- The company holds assets for nearly 6 million investors. Client assets total over $700 billion. The Bank of New York is one of the world’s largest custodians, with $10.3 trillion under custody and administration.
- Pershing is responsible for approximately 8% of the daily volume on the New York Stock Exchange and 10% of the volume on NASDAQ.
- The company holds 22 seats on the New York Stock Exchange, the most of any NYSE firm.
- Pershing provides services to more than 1,100 financial firms and investment advisors worldwide.
Pershing provides our clients with an exceptional level of security and a quality service unsurpassed in the industry.
