National Services LLC
National Financial Services (NFS LLC) is a Fidelity® Investments Company and recognized industry leader for clearing and technological innovation. National Financial Services is part of the Institutional Brokerage Group of Fidelity® Investments, the third largest correspondent clearing firm in the United States and generates approximately 4% to 7% of the daily volume on the NYSE. As a representative of Cantella, you have the ability to carry your accounts at National Financial Services.
Highlights
Free Web Access: Free internet access to your customer accounts through Streetscape. Ability to view your accounts, enter orders on-line, receive morning meeting notes and research, perform screening, and enter customized searches. Ability to access financial planning tools and calculators to help your clients regarding college planning, retirement planning, asset allocation, bond income, accrued interest, and investment growth. You can access daily reports on your customers accounts for items such as money line balances, assets under management, house calls, fed calls, cash amounts due and bonds maturing or redeemed.
Free Customer Account Access: Your customers also receive free access to their accounts on-line. If a customer needs a real-time update of their portfolio, all they have to do is click update on their screen during market hours and prices of all of their positions will be updated in real-time.
On-Line Trading: Ability to trade on-line or through Cantella's experienced trade desk, where all of our traders have worked on the floor of the Boston Stock Exchange and have been traders for at least ten years.
Full Service Bond Desk: Access to Cantella's fixed income trading desk and the bond inventory of Fidelity® Capital Markets. As an underwriter and principal dealer for a broad range of fixed-income securities, Fidelity® Capital Markets provides clients access to an extensive inventory and new issues. They are an active participant in the distribution and underwriting of municipal bonds, government-sponsored enterprises, and corporate programs such as GMAC Smartnotes. If you have a particular need for your client, our bond desk will shop the street for you to find the best available bonds.
Wrap Accounts: Ability to work with some of the premier institutional money managers in the industry with as little as $100,000 or develop your own wrap program. A computerized system calculates the value of accounts on a daily basis enabling fees to be charged based on average daily balances. You will have access to thousands of mutual funds with no ticket charges.
Tax Lot Accounting: View cost basis information for your accounts on-line instead of digging through old statements or microfiche files every year during tax time.
Premier Retirement Support Desk: An entire department committed to helping you solve the retirement needs of your customers. Receive guidance as to appropriate plans for business owners including access to National Financial Services' 401(k) plan that includes a self-directed account choice. You can offer a 401(k) plan that provides your clients the flexibility to invest in their 401(k) plan with the same investment choices they have access to in a self-directed IRA Account. Asking corporate Presidents if they would be interested in having access to over 9,500 funds, institutional money managers, and the ability to invest in individual stocks in their 401(k) Plan is a powerful method for setting appointments and gaining access to the employees of an entire company. For those new to the 401(k) arena, the Premier Support Desk walks you through the steps of opening a 401(k) Plan.
Mutual Funds: access to over 9,500 mutual funds from 400 popular companies that can all be seen on one statement. Also, over 1,000 funds are available without a transaction fee.
Brokerage Portfolio Asset Management Account: Helps bring everything together on one statement to help you as an advisor do the best job possible and simplify your client's financial life. The Brokerage Portfoilo account provides a Visa Gold Debit/ATM Card with auto rental discounts and travel insurance, ability to make cash withdrawals at over 45,000 ATM locations, free unlimited check writing, where you can write as many checks as you want with no minimum amounts, order additional checks free of charge, direct deposit of client paychecks or social security checks, daily sweep of money market balances, and overdraft protection.
Excess SIPC Account Protection: In addition to the SIPC coverage of $500,000 (cash claims limited to $100,000), assets held at NFS are covered by an excess SIPC insurance policy underwritten by Lloyd's of London. This protection doesn't cover declines in the market value of securities.
Downloading Capabilities: The Advisor Channel provides the ability to download accounts for reporting purposes and interfaces with popular software such as Advent Axys, DB Cams, and Centerpiece.
If you would like to speak directly with someone about Cantella, please call (800) 333-3502.