Custodian neutral.

Complete freedom to custody your assets
in any structure on any platform.

National Financial Services

Fidelity Institutional Wealth Services

Pershing Advisor Solutions

TD Ameritrade Institutional

Remarkably flexible.

Our relationships with the five major custodians provide you with the ability to custody your clients’ assets at any custodian — or any combination of custodians. Each individual custodian offers unique pricing structures, resources, and products — allowing you to choose the most appropriate partner for your practice and your clients’ best interests.

Forward thinking.

Many advisors use a single custodian. But our custodian-neutral approach provides a forward-thinking framework. You can choose to work with multiple custodians so that — when you meet prospective clients with assets custodied elsewhere — you can capture those assets as part of that new client relationship without forcing the client to change firms.

Premier clearing.
The power of Fidelity® paired with our five-star experience.

National Financial Logo

Strength & Stability.

Established in 1983, National Financial Services LLC (NFS), a Fidelity Investments® company, is one of the largest providers of brokerage services. Fidelity Investments® is one of the world’s largest providers of financial services, with $5.0 trillion in assets under administration, including managed assets of $2.0 trillion as of January 31, 2015. The firm is one of the largest mutual fund companies in the United States, and a leading provider of workplace retirement savings plans. NFS has committed to provide the best possible clearing experience — which was another key factor in our decision to utilize them for our advisors and their clients. NFS’ business model perfectly aligns with our service promise and our commitment to ensure our advisors and their clients experience the diamond standard.

Excess of SIPC Coverage.

In addition to SIPC protection, National Financial Services LLC provides for brokerage accounts additional “excess of SIPC” coverage from Lloyd’s of London, together with other insurers.1 The excess of SIPC coverage will be used only when SIPC coverage is exhausted. Like SIPC protection, excess of SIPC protection does not cover investment losses in customer accounts due to market fluctuation. It also does not cover other claims for losses incurred while broker-dealers remain in business. Total aggregate excess of SIPC coverage available through NFS’ excess of SIPC policy is $1 billion. Within National Financial Services LLC’s excess of SIPC coverage, there is no per-account dollar limit on coverage of securities, but there is a per-account limit of $1.9 million on coverage of cash. This is the maximum excess of SIPC protection currently available in the brokerage industry.



1 Fidelity’s excess of SIPC insurance is provided by Lloyd’s of London, together with Axis Specialty Europe Ltd & Munich Reinsurance Co.
Ratings and outlook are subject to change. For ratings explanations, please go to http://www.lloyds.com/Lloyds_Market/Ratings/.