Who safeguards your money

When you invest your money with a firm like Cetera, it does not hold your money, custodian banks do. They are independent banking institutions that monitor and protect your investments and your savings.

The Bank of New York Mellon and its subsidiary, Pershing LLC, safeguards your assets for Cetera and processes transactions while providing statements directly to you. They add an extra layer of security for your savings. The Bank of New York Mellon is the world’s largest and most established custodian.

The Bank of New York remained financially strong during the 2008–2009 financial crisis and was utilized by the U.S. Treasury to help support the broader banking system. Today, it has approximately $64 trillion in assets under custody, more than any other custodian bank, underscoring its scale and stability in safeguarding your savings.