Our Clearing Firm




What is “clearing”?

Securities markets are highly regulated. Whenever money and securities are exchanged, regulatory bodies, such as the Securities and Exchange Commission, require that every aspect of the transaction be documented and verified. The process of completing and documenting the trade is known as execution and clearance.


Why RBC Correspondent Services?

For custody and clearing of assets IAA utilizes RBC Correspondent Services® (RBC CS), a division of RBC Capital Markets LLC®, one of the largest full-service securities firms in the United States. Established in 1979 by parent company Royal Bank of Canada (NYSE:RY), one of the world's leading diversified financial services companies.


RBC CS specializes in providing comprehensive clearing, custody and execution services to varying types of broker dealers, from full service wealth management firms to traditional retail brokerages, from institutional and FinTech to dually registered firms. They provide the products and services necessary for us to deliver comprehensive wealth management to our clients, in a highly effective and efficient manner.


Global Strength & Capabilities: RBC is one of the largest banks in the world and the largest in Canada, based on market capitalization. 1

80,000+ RBC employees worldwide: Serving more than 16 million clients in the US, Canada and 34 other countries. 1

Strong Credit Ratings: RBC's Senior Debt Ratings1

  • A1 Moody's Investors Service
  • AA- Standard & Poor's
  • AA Fitch Ratings

RBC Capital Markets LLC® is a member of the NYSE, AMEX, CHX, CBOE and PSE. Member FINRA/SIPC.

RBC Correspondent Services, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC, may provide clearing and execution services for your Broker-Dealer. The referenced product and/or service is made available through that relationship. 1 As of 03/2018. Credit ratings are not recommendations to purchase, sell or hold a financial position in as much as they do not comment on market price or suitability for a particular investor. Ratings are subject to revision or withdrawal at any time by a rating agency.