As part of our effort to provide you with quality service, our broker/dealer, Commonwealth Financial Network®, has an agreement with National Financial Services, LLC (NFS), in which NFS provides trade execution, clearing, and other related services for your brokerage account.

National Financial Services, LLC

NFS, established in 1983, is a Fidelity Investments company and is one of the largest providers of brokerage services. As of September 30, 2008, NFS serviced more than 18.5 million accounts representing $1.7 trillion in assets. 

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, and is a leading provider of workplace retirement savings plans.

Quality products and services

The strength and reputation associated with Fidelity Investments is one of many reasons we are pleased to be working with National Financial Services, LLC.

As a privately held business, Fidelity doesn't have the distractions of a publicly held firm, and it provides quality products and services that we pass on to our customers. These products include:
  • Access to a virtual supermarket of mutual fund and annuity providers
  • A choice of asset management accounts designed to combine your brokerage account with a range of banking features, including checkwriting and debit cards
  • Flexible money movement options to and from your brokerage account, including check, wire, and electronic funds transfers
  • Access to your brokerage account, quotes, market data, and bill payment features online
  • A comprehensive statement that provides the convenience of having your investment activities in one place, helping you better manage your investments and plan your financial future

Roles and responsibilities

NFS and Commonwealth Financial Network play different roles with respect to the servicing of your brokerage account.

The role of Commonwealth Financial Network
  • Opens, approves, and monitors your account(s)
  • Determines the suitability of the investments in your account(s) based on information you have provided
  • Responds to questions related to your account(s)

As custodian of your brokerage account, NFS, at the direction of Commonwealth Financial Network, is responsible for:  
  • The execution, clearance, and settlement of securities transactions
  • Preparing and sending periodic statements of your account and transaction confirmations
  • The custody (or safekeeping), receipt, and delivery of funds and securities
  • The extension of margin credit upon approval

Commonwealth Financial Network is an independent company and is not affiliated with NFS. Clearing, custody, and other brokerage services provided by National Financial Services, LLC, Member NYSE, SIPC.