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Broker- clearing & custody


MCN
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Hi,

 

One issue that concerns me is the safety of my broker/ custodian. I've recently been informed by my broker that they are changing their clearing and custody provider from Pershing (who i understand to be rock solid) to another smaller company. I'm not too happy about this and would prefer to remain with someone like Pershing and simply change broker, however Pershing are unable to provide me with a list of their broker clients.

 

Calling brokers to ask which custody provider they use is a bit time consuming. Does anyone know how to find brokers who use one of the larger custodians such as Pershing, BBH etc?

 

Thank you

 

 

 

 

 

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