May 03, 2016 10:51 PM ET

Capital Markets

Company Overview of Pershing LLC

Company Overview

Pershing LLC provides technology, operational, trading, investment, and practice management solutions to help financial services firms and advisors. It develops communications and data processing systems to provide financial organizations with control and access to information, including trade/order processing browse and corrections; customized compliance analysis and reporting; new account openings and changes; client information, including activity, positions, and balances; dial-up and Internet-accessible brokerage workstation; reorganization and ACAT status; commission and bond calculators; bond order entry system; real-time market data; and interactive voice response services. It also of...

One Pershing Plaza

10th Floor

Jersey City, NJ 07399

United States

Founded in 1939

Phone:

201-413-2521

Fax:

201-413-5268

Key Executives for Pershing LLC

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Member of Executive Committee and Chief Executive Officer of Pershing Advisor Solutions LLC
Chief Executive Officer of Investment Services for BNY Mellon and Vice Chairman of Investment Services for BNY Mellon
Compensation as of Fiscal Year 2015.

Pershing LLC Key Developments

Pershing LLC Introduces Additional Capabilities Enabling Clients to Transform Big Data into Big Insights

Pershing LLC announced the release of additional big data analytics capabilities to help advisors improve processes and business performance through actionable insights. The new solutions, part of BNY Mellon's digital ecosystem, leverage its big data analytics platform to capture, store, analyze and use evidenced-based decision making to maximize client's growth and productivity. Advisors who anticipate their clients' needs and can proactively support them with relevant value-added solutions will be at a competitive advantage. Accessible through Pershing's NetX360® platform, the new data analytics capabilities will enable advisors to proactively manage risk and opportunities for investors, including: Identify and predict potential retention issues through a dashboard that provides a visually compelling view of a firm's incoming and outgoing customer account transfer totals and contra brokers. The resulting analytics summarize the outlook for retention risks, helping to mitigate attrition and support advisor retention. Use big data analytics to identify fully paid securities lending income opportunities for qualified investors on a daily basis and match them for consideration against every position across all qualified clients. The solution automates and streamlines what had been a manual and time-consuming process with a single click. Introduced in beta phase in mid-2015, the solution, OpportunityView™ for Fully Paid Securities, is now widely available. Visualize trends by metrics that are relevant to an advisor's job function. Pershing offers persona-based dashboards that provide a wide selection of business views, including client segmentation, comparisons based on active and new accounts and top households by assets under management.

Pershing LLC Appoints Lori Hardwick as New Chief Operating Officer, Effective February 29, 2016

Pershing LLC announced that Lori Hardwick has been named the company's new chief operating officer, effective February 29, 2016. Hardwick joins Pershing from Envestnet and will succeed Lisa Dolly, who was recently appointed Pershing's new chief executive officer. Since joining Envestnet at its inception nearly 16-years ago, Hardwick served in a variety of roles managing its enterprise, sales, services, advisor orientation and on-boarding divisions. She most recently served as the company's group president of advisory services, overseeing all of its enterprise relationship management, institutional and global advisory sales, strategic partnerships, and practice management programs.

Pershing LLC Announces Management Changes

Pershing LLC announced that Lisa Dolly has been named as the company's new chief executive officer, effective February 16, 2016. Dolly, currently the firm's chief operating officer, succeeds Ron DeCicco, who after a long and distinguished 45-year career with Pershing, has decided to retire from his role as chief executive officer of Pershing. As part of the leadership transition, he will serve as an executive advisor over the next year working closely with Dolly, Pershing's executive committee and key clients. Dolly is a member of Pershing's executive committee and BNY Mellon's Operating Committee. Over her 25-year career at Pershing, she has held numerous leadership roles prior to becoming Pershing's COO.

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