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Clearing & Custody Harness the power and operational excellence of one of the industry's strongest brokerage platforms. As a Fidelity client, you can simplify and streamline your operations while consolidating assets with a single custodian. Fidelity is one of the nation's most highly automated brokerage processing firms, offering the size, scalability, technology, and focus on service excellence that can help make a difference to your business. Highlights Give clients greater peace of mind with Fidelity's asset protection Improve client satisfaction and reduce administrative costs with consolidated, comprehensive statements
Asset protection Asset protection Securities in accounts carried by National Financial Services LLC ("NFS"), a Fidelity Investments company, are protected by the Securities Investor Protection Corporation ("SIPC") up to $500,000 (including cash claims limited to $100,000). For details, please see www.sipc.org. NFS has arranged for additional insurance protection for cash and securities to supplement its SIPC coverage. This additional protection covers total account net equity in excess of the $500,000/$100,000 coverage provided by SIPC. Neither coverage protects against a decline in the market value of securities. Client statements, trade confirms, and tax reports Your clients can track their investment progress with an easy-to-read, informative client statement. It shows snapshots, summaries and detailed histories. You can also display your firm's name on the statement to reinforce your relationship with your clients. You can also count on a comprehensive trade confirmation to be generated by Fidelity every time a client makes a trade. Duplicate confirms are sent directly to you. Fidelity's Tax Reporting department is responsible for data integrity and analysis of all brokerage tax reporting. Most year-end tax mailings are sent out in January to give your clients adequate time to prepare their tax returns. Tax lot accounting Fidelity's tax lot accounting service is an easy-to-use tool that enables you to provide your clients with essential cost basis and gain/loss information on their non-retirement positions. This information can help you develop sound tax strategies for your clients. Prime brokerage services Fidelity Capital Markets' prime brokerage services lets you consolidate custody of assets while providing complete flexibility to access products, research, and services from firms elsewhere in the industry. Through Fidelity Capital Markets1, you can avoid the complications and inconvenience of maintaining accounts at multiple brokerage firms, and contain costs while offering centralized client account recordkeeping, consolidated, comprehensive statements and trade confirmations. 1Fidelity Capital Markets is a division of National Financial Services LLM, Member, NYSE, SIPC.
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