A clearing firm is a firm that handles orders to buy and sell securities, in addition to maintaining custody of those securities.
USA Financial Securities has formed a strategic relationship with Pershing, LLC to execute, clear and custody the assets of clients.
Should you choose to open a brokerage account with USA Financial Securities, Pershing would serve as the custodian of those assets.
Pershing is a subsidiary of BNY Mellon and has over $1 trillion in global client assets. BNY Mellon has over $27 trillion in
assets under custody and/or administration as of December 31, 2013. This financial strength is one of the main reasons USA Financial
Securities has chosen Pershing to be its clearing firm partner. Pershing, LLC has been a leading global provider of financial
business solutions for over 75 years.
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