What is the difference between Pershing vs Financial Advisor?
Career: Pershing
| Aspect | Pershing | Financial Advisor |
|---|---|---|
| Credentials | Typically requires Series 7, 63, 65/66 licenses | Requires Series 7, 63, 65/66 licenses; often CFP or other certifications |
| Work Environment | Financial services firms, brokerage platforms | Independent or firm-based, client-facing |
| Industry Usage | Used by broker-dealers and custodians | Used by financial planning firms and advisors |
| Primary Role | Custodian and clearing firm providing trading infrastructure | Provides personalized financial planning and investment advice |
Pershing is a custodian and clearing firm offering trading infrastructure, while a Financial Advisor provides personalized financial planning and investment advice to clients. Both roles often require similar licenses, but their functions and work environments differ significantly.