All of Emerson Equity’s client transactions are cleared by and custody is provided by Pershing, a subsidiary of The Bank of New York. Since 1939, Pershing has been providing comprehensive correspondent securities execution, clearance, data processing, and financial products and services. With Pershing, The Bank of New York has equity capital of $8 billion and total assets of almost $90 billion.

Pershing is the world’s largest provider of brokerage services to independent investment professionals and typically clears 80% of non-wirehouse fee-based business. In fact, Pershing is responsible for approximately 8% percent of the daily volume on the New York Stock Exchange and 10% of the volume on NASDAQ. They also command a powerful presence on major exchanges worldwide.