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