<P> BNY Mellon's Investment Services business represents approximately 72 percent of the company's revenue and it has $31.1 trillion under its custody or administration as of September 2016 . The financial services offered by the business include asset servicing, alternative investment services, broker - dealer services, corporate trust services and treasury services . Other offerings include global collateral services, foreign exchange, securities lending, middle and back office outsourcing, and depository receipts . </P> <P> BNY Mellon's subsidiary Pershing LLC handles securities services, including execution, settlement, and clearing . It also provides back office support to financial advisors . </P> <P> In 2014, the company formed a new Markets Group, which offers collateral management, securities finance, foreign exchange and capital markets . The group is now known as BNY Mellon Markets . </P> <P> BNY Mellon's Investment Management business generates 28 percent of the company's revenue and had US $1.7 trillion (Q4 2016) in assets under management . </P>

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