We hope you all enjoyed the opportunity to celebrate our nation’s Independence on the 4th of July. Hopefully there weren’t any firework-related injuries!
Independence is indeed something to celebrate, in many ways.
As you know, International Assets is an independent financial services firm. Our team within International Assets (Winn Partners Financial Group) couldn’t imagine working in an environment that would require us to put the demands of any organization before the needs of our clients. We will always be in a position to freely make the best decisions for our clients, beholden to no entity.
Along these lines, we are very excited to announce that International Assets has made the decision to enter into a partnership with RBC Capital Markets (Royal Bank of Canada) to become the firm’s new clearing agent.
The clearing agent is the organization that, among other things, provides a wide array of operational, administrative, and custodial services. They are responsible for safekeeping of your securities, sending out your required statements, confirmations, and various tax documents. They also provide various technological and research related services to the firms with which they are affiliated.
This is where RBC has the ability to add the greatest value to International Assets and Winn Partners Financial Group.
What does the mean for you?
These above services will no longer be provided by NFS as they have been for years. They are all being assumed by RBC. With this new partnership, we have direct access to RBC’s complete scope of services and enhanced technological offerings. These include, but are not limited to, highly ranked industry software that simplifies all aspects of holistic financial planning; portfolio tracking that will include assets held at RBC and elsewhere; and capital markets expertise in terms of research, international market access, and nationally recognized research departments.
What comes next?
In the coming days you will be receiving a communication from International Assets formally announcing this affiliation with RBC. Since we are excited about this move, we wanted to share the news with you ourselves first. Signatures and paperwork requirements are expected to be minimal. Depending on the nature of your current account(s) with us, you might be receiving documents in the mail to sign and return. It’s also possible you’ll have no paperwork heading your way at all. Should you have any questions whatsoever about any documents you might receive, please don’t hesitate to give us a call. We will be happy to help in any way possible.
In many ways, we feel this partnership with RBC will help us better serve our clients. Their financial strength and suite of services align extremely well with our values and needs as a firm. We want to always be sure we are able to bring our clients the best tools available in the areas of financial planning and investment management. We would also like to help keep things as organized and simple for our clients as possible. We feel this partnership with RBC will help us achieve these goals and we are eager to use their platform to the mutual advantage of ourselves and our clients.
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Disclosure
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Member FINRA/SIPC. The information provided is based on carefully selected sources, believed to be reliable, but whose accuracy or completeness cannot be guaranteed. Any opinion herein reflects our judgment at this date and is subject to change without notice. This should not be construed as an offer or solicitation to buy or sell securities. Investors should consider the investment objective, risks, and charges and expenses before investing in an investment company product. Stocks, options, and mutual funds are subject to market volatility and the chance that they may lose value. Bonds are subject to changes in interest rates, risks of defaults by issuer, and the loss of purchasing power due to inflation, or the risk that an issuer will be unable to make interest or principal payments. Additionally, bonds and short-term investments entail greater inflation risk than stocks. Any fixed-income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.
Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be either suitable or profitable for a client or prospective client’s wealth management investment portfolio.
This information is not intended to be legal or tax advice. Please consult a tax, legal, or financial professional with questions.
Investing in securities underlying in currencies other than the U.S. dollar involves certain considerations comprising both risk and opportunity not typically associated with investing in U.S. securities. The security may be affected either favorably or unfavorably by fluctuation in the relative rates of exchange between currencies, by exchange control regulations, or by indigenous economic and political developments. As with any investment, there is no guarantee against potential loss. Investments in securities and insurance products are:
NOT FDIC-INSURED/NOT BANK-GUARANTEED/MAY LOSE VALUE