As you may know, your broker-dealer and National Financial Services LLC (“NFS”) have an agreement through which NFS provides clearing and other related services for your account. In connection with these services, NFS is required to communicate its practices regarding the privacy of customer information.
Beside this, is Fidelity a clearing firm?
Fidelity is one that uses its own clearing house, National Financial Services LLC. Wells Fargo, TD Ameritrade, and E*TRADE are also self-clearing. Pay attention to the clearing house, and consider that as you choose a brokerage.
| Firm | Pershing |
|---|---|
| Address | One Pershing Plaza, Jersey City, NJ 07339 |
| Phone/website | (800) 445-4467 pershing.com |
| # of clients | 625 |
| % change vs. 2018 | -4.40% |
Correspondingly, who is the largest clearing firm?
Rank Firm Parent company Main phone Website B-D clients % chg. vs.
| Rank | Firm | Main phone |
|---|---|---|
| 1 | Pershing LLC | (201) 413-1000 |
| 2 | Penson Worldwide Inc. | (214) 765-1100 |
| 3 | National Financial Services LLC | (877) 262-5950 |
| 4 | Broadcort & Merrill Lynch Professional Clearing Corp. | (800) 246-0561 |
Is Fidelity the same as national financial services?
National Financial Services LLC (the “Company”), a single member limited liability company, is wholly- owned by Fidelity Global Brokerage Group, Inc. … The Company provides clearing and other services for an affiliated broker-dealer, Fidelity Brokerage Services LLC (“FBS”).
Is NFS owned by Fidelity?
Organization: National Financial Services LLC (the “Company”), a single member limited liability company, is wholly- owned by Fidelity Global Brokerage Group, Inc. … The Company’s client base includes institutional and individual investors, introducing broker- dealers, investment advisors and corporations.
Which clearinghouse does Fidelity use?
Which Brokerage Firms Use Which Clearing Firms?
| Firm | Clearing House | Self-clearing? |
|---|---|---|
| E*TRADE | E*TRADE Clearing LLC | Yes |
| Ellevest | Folio | No |
| Fidelity Go | National Financial Services, LLC | Yes |
| Fidelity Investments | National Financial Services, LLC | Yes |
What is difference between clearing and settlement?
Settlement is the actual exchange of money, or some other value, for the securities. Clearing is the process of updating the accounts of the trading parties and arranging for the transfer of money and securities. … Central clearing uses a third-party — usually a clearinghouse — to clear trades.
What companies use Apex Clearing?
Companies Currently Using Apex Clearing
| Company Name | Website | Phone |
|---|---|---|
| Scottrade | tdameritrade.com | (800) 669-3900 |
| Banorte-Ixe Securities Intl LTD | banortesecurities.com | (212) 223-2511 |
| SURKUS | startengine.com | – |
| CommunityAmerica Credit Union | communityamerica.com | (800) 892-7957 |
What is a self-clearing firm?
Self–Clearing Firms
In some cases, brokerages can act as their own clearing firm rather than pass trades submitted to the brokerage to an external clearing firm for mediation. These self–clearing firms operate within a brokerage such that the brokerage is able to execute trades internally.
What is Fidelity broker clearing number?
Clearing and Bank Custody: 877.262. 5950.
How much money does Fidelity custody?
Fidelity Personal, Workplace and Institutional Services (PWIS) is the largest provider of 401(k) retirement plan services with $1.4 trillion under administration and $32 billion in total defined contribution assets, as of 2015.
Is Fidelity a custodian?
A Fidelity custodial account, sometimes called a UTMA/UGMA account, is a brokerage account for investing in stocks, bonds, mutual funds, and more. … The money in this account belongs to the child.