A clearing broker helps to ensure your order is settled appropriately. Most broker-dealers, including Neighborly, partner with one or more clearing brokers to settle orders on behalf of investors.
To meet regulatory requirements and prevent fraud, clearing brokers are required to review investor account information for all orders they are involved in.
Neighborly currently partners with Pershing LLC, a wholly owned subsidiary of the Bank of New York Mellon Corporation. Pershing is a member of FINRA, NYSE and SIPC.