Pershing Division of DLJ Securities Corporation

Overview

Pershing Division of DLJ Securities Corporation is a financial services firm offering brokerage and investment banking services. It provides a wide range of resources and solutions tailored to the needs of financial services firms, institutional investors, managers, and advisors. With a focus on empowering clients to succeed, Pershing offers essential tools and support necessary for navigating the complexities of the financial industry. The firm operates under a fully disclosed clearing agreement with Pershing, LLC, a subsidiary of The Bank of New York Mellon Corporation. Pershing, LLC is a registered securities broker-dealer authorized to engage in fully disclosed and omnibus clearing, sales and trading, and brokerage services. It is a member of the New York Stock Exchange, Inc. (NYSE), Financial Industry Regulatory Authority (FINRA), Chicago Board of Options Exchange, Inc., Securities Investor Protection Corporation (SIPC), and other regional exchanges. Pershing's broad range of services, including custody, cash management, product development, information management, portfolio evaluation, financing, proprietary research, securities lending, and related services, are used by more than 750 customers, which collectively maintained over 4 million active client accounts holding more than $400 billion of assets as of December 31, 2001. As a wholesaler of these services, Pershing provides financial products and services to customers on a fee-for-service basis. In 2003, Pershing was acquired by The Bank of New York Mellon Corporation, a leading global financial services company. This acquisition has enabled Pershing to expand its global reach and enhance its service offerings to clients worldwide. The firm continues to operate under the Pershing brand, providing a comprehensive suite of services to meet the evolving needs of the financial industry.