Resolute Asset Management brings experience and discipline to managing portfolios. By employing current technology and leveraging the skills of outside experts in trading execution, custody, portfolio management software, compliance, legal and accounting, we offer compelling investment solutions at a much lower fee than larger financial institutions.
RAM partners with leading firms including:
Fidelity Clearing (Canada) ULC
Based in Toronto, ON, Fidelity Clearing Canada ULC is a carrying broker and provides execution, clearing, custody, and back-office support services to Canadian brokerage and portfolio management firms.
Strength and Reputation
Fidelity Clearing is jointly owned by Fidelity Canada Investors LLC (“Fidelity Canada”) and Fidelity International Limited. Fidelity Canada and FMR LLC, which operates in the United States under the Fidelity Investments brand name, have significant common ownership at the shareholder level and have substantial bilateral business relationships, including in the clearing and brokerage area. In particular, Fidelity Clearing leverages services and expertise from National Financial Services LLC, Fidelity Investments’ U.S. clearing broker-dealer, which has over 3,100 clearing and custody firm clients and is the largest brokerage platform in the United States representing $1.6 trillion in assets under administration. Fidelity Investments is one of the world’s largest providers of financial services, with custodied assets of $5.7 trillion, including managed assets of $2.1 trillion as of December 31, 2016. The firm is one of the largest mutual fund companies in the United States and a leading provider of workplace retirement savings plans.
Roles and Responsibilities
As custodian of your account, Fidelity Clearing Canada ULC is responsible for:
- The clearance and settlement of securities transactions
- In conjunction with RAM, producing and delivering statements and transaction confirmations
- The custody (or safekeeping), receipt, and delivery of cash and securities
- The extension of margin credit upon approval
How Your Asset Are Protected
Industry Regulatory Organization of Canada (IIROC)
As a clearing broker, Fidelity Clearing Canada ULC is subject to the rules and regulations of the Investment Industry Regulatory Organization of Canada (IIROC). IIROC is the self-regulatory organization which governs registered investment dealers in Canada. IIROC members adhere to rules and regulations surrounding conduct of business and marketplace integrity.
Canadian Investor Protection Fund (CIPF)
Fidelity Clearing Canada ULC’s accounts are also protected by the Canadian Investor Protection Fund (CIPF). CIPF covers customers of CIPF Member broker/dealers who have suffered financial loss solely as a result of the insolvency of a CIPF Member broker/dealer. Detailed information concerning CIPF protection as well as rules and limits of coverage are available at www.cipf.ca. As a regulated member firm Fidelity Clearing Canada ULC has a responsibility to follow certain rules and principles to safeguard your assets, including:
- Keeping accurate records of your assets held at Fidelity Clearing Canada ULC
- Maintaining capital at required level
- Safeguarding of cash and securities
- Segregating fully paid securities so as not to be used for lending or investing by Fidelity Clearing Canada ULC
Fidelity Clearing Canada ULC is registered as an investment dealer within all jurisdictions in Canada and is also a participating member of the following organizations and exchanges:
- All Canadian exchanges and marketplaces
- Canadian Depository for Securities (CDS)
- The Depository Trust Company (DTC)
- Canadian Derivatives Clearing Corporation (CDCC)
- FundSERV Inc.
NDEX Systems provides leading technology and software through their comprehensive portfolio management system.
Integrated Single-Access Web Application
The unique design of Ndex’s F-Engine platform is what makes them uniquely capable. Their web-access service allows portfolio managers to leverage the technology and efficiently manage large books of business. Ndex’s F-Engine is specifically designed to be easy-to-operate, yet produce comprehensive and data-rich results.
Ndex’s platform combines its wealth management platform with all the necessary back-office support systems to ensure seamless control over the business and relationships. F-Engine integrates with existing back-office systems and supports simultaneous multi-custodian access.