Clearing Broker for CFN

Industry leading custody, trading and reporting.

Fidelity Clearing & Custody SolutionsSM (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:

  • The execution, clearance and settlement of securities transactions

  • Preparing and sending transaction confirmations and periodic statements of your account

  • The custody (or safekeeping), receipt, and delivery of funds and securities

  • The extension of margin credit upon approval​

NFS provides investors with excellent monthly and quarterly reporting:  

  • Monthly statements confirm your month-end holdings and account values, while displaying total additions and withdrawals.

  • 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.

  • 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”.




1 Fidelity 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