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BNY | Pershing

BNY Mellon’s Pershing is a leading provider of clearing and custody services. We are uniquely positioned to help complex financial services firms transform their businesses, drive growth, maximize efficiency, and manage risk and regulation.

Wealth management and institutional firms outsource to us trading and settlement services, investment solutions, bank and brokerage custody, middle- and back- office support, data insights and business consulting.

Pershing brings together high-touch service, an open digital platform and the BNY Mellon enterprise to deliver a differentiated experience for every client. For more information, please visit pershing.com.

New Account Opening

Docupace has integrated with Pershing for New Account Opening to provide advisors with a universal account opening experience.

Integration Benefits:

  • API Integration for New Account Opening which:
    • Reduces duplicate data entry
    • Reduces time to open new accounts
    • Increases consistency in account opening processes
    • Improves advisor experience
  • Increases advisor and back office efficiency by:
    • Reducing NIGO rates through automated data validations for both clearing and custody accounts
    • Automating account number reservation and pre-population on forms prior to client signing.
    • Supporting both Docusign and Signix electronic signatures
    • Opening accounts with greater efficiency
    • Centralizing system of record support for all documents

Pershing and Docupace are not affiliated in any manner. Each company is solely responsible for the performance of its separate obligations and not liable for the acts or omission of the other party in the performance of such services.

Data Services

Docupace has integrated with BNY/Mellon – Pershing to provide advisors and their firm with daily or weekly transaction detail on:

  • BNY/Mellon – Pershing
    • Contacts & Accounts
    • Trades Recurring Revenue
    • Trades
    • Fund Balances
    • Global Customer Positions
    • Security Description
    • Mutual Fund Descriptions
    • Householding

These standard files are imported automatically into Docupace’s Compensation Management or Surveillance and Compliance products for a streamlined reporting and monitoring experience

Integration Benefits for Docupace Compensation Management:

Our easily customized and rules-based compensation product takes away compensation frustration and allows your firm to grow by:

  • Eliminating manual compensation calculations
  • Creating up-to-the-minute, accurate financial reports
  • Handling the most complex compensation payout plans

Integration Benefits for Docupace Surveillance and Compliance:

Our rules-based, alert-driven auditing and compliance solution gives your risk & compliance management team confidence by:

  • Consistently applying rules across your enterprise that scales as you do
  • Improving efficiency by utilizing our exception-based processes
  • Allowing your team to focus on high-risk transactions for higher-quality outcomes

Transitions don’t have to create chaos.

With the right processes, support systems and digital tools in place, firms can simplify onboarding, reduce paperwork and keep clients confident throughout the move.

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