Investors Capital Corporation was selected as our broker-dealer after researching the 2,500 firms who clear through Pershing. As a publicly-traded company, Investors Capital offered the best combination of technical support, cost structure, broker-centric corporate ideology and fee-based account support. Investors Capital was founded by Ted Charles to help meet consumers' needs in today's financial market. As one of their top offices, our office gets amazing support.
Investors Capital Corporation is one the fastest growing broker-dealers within the 2,500 Pershing broker/dealers with assets under management of over $7 billion. In 2005, Brett Machtig assisted Investors Capital in their financial plan.
Pershing was selected as our clearing firm for its financial strength, its ties to Bank of New York, its technology, and its competitive cost structure. Pershing is a subsidiary of Bank of New York Mellon which was started by Alexander Hamilton in 1784.
The Bank of New York served affluent individuals and families since its earliest days, the Roosevelt’s and Varnick's among them were among the bank's first private clients. Mellon Financial Corporation began as Mellon and Sons', which quickly became the largest private bank between New York and Chicago. Established from the merger of Mellon Financial Corporation and the Bank of New York Company, Inc., the Bank of New York Mellon has more than $20 trillion in assets under custody or administration, and more than $1.1 trillion under management.