Clearing Broker for CFN
Industry leading custody, trading and reporting.
Fidelity Clearing & Custody Solutions SM (FCCS)1 provides clearing, custody, and other brokerage services to Commonwealth through National Financial Services LLC (NFS). Like Commonwealth, NFS is an industry leader with a long and stable history of customer service excellence.
NFS, a Fidelity Investments company, is one of the largest providers of brokerage services. As of March 31, 2017, NFS services millions of accounts representing nearly $3 trillion in assets under administration.
As custodian of your brokerage account, NFS, at the direction of our Commonwealth Financial Network, is responsible for:
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The execution, clearance and settlement of securities transactions
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Preparing and sending transaction confirmations and periodic statements of your account
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The custody (or safekeeping), receipt, and delivery of funds and securities
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The extension of margin credit upon approval
NFS provides investors with excellent monthly and quarterly reporting:
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Monthly statements confirm your month-end holdings and account values, while displaying total additions and withdrawals.
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Quarterly performance reports show exactly how your account has performed for the preceding quarter, year to date, and since inception. Account performance can be measured against well-known benchmarks, and also against a custom-blended benchmark appropriate for your portfolio.
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All of these reports (and many others) are available to you 24/7 on Commonwealth’s advanced client website, www.investor360.net.
Additional information about NFS is contained in the National Financial Services LLC - Guide to Your Brokerage Account.
1Fidelity Clearing & Custody SolutionsSM (FCCS) is an independent company, unafliated with Commonwealth. FCCS is a service provider to Commonwealth and provides clearing, custody, and other brokerage services to Commonwealth through National Financial Services LLC (NFS), member NYSE, SIPC. 812041.1.0