What is a Custodian?
A custodian is a company that is responsible for the execution, clearance, and settlement of securities transactions; the preparation and distribution of account statements and transaction confirmations; and the custody (or safe keeping), receipt, and delivery of funds and securities.
Why National Financial Services LLC?
Fidelity Clearing & Custody Solutions® (FCCS) provides clearing, custody, and other brokerage services to Commonwealth Financial Network® through National Financial Services LLC (NFS). You can feel confident that much of the critical trade processing, clearance, client reporting, and systems work that backs your investment professional is performed by an industry leader. NFS processes tens of thousands of transactions for millions of investors like you every day.