|
|
 |
| |
|
Home > Financial Services > Stock Brokers > ADP Clearing
ADP Clearing
ADP Clearing & Outsourcing Services, Inc is a member of National Association of Security Dealer. NASD is a self regulatory organization of the securities of the security industry responsibility for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of seven exams.
The company completes its three-tier service offering with the addition of ADP clearing & Outsourcing Services are Service Bureau Brokerage Processing Services, Operations Outsourcing, and Correspondent Clearing Services.
The company provides full scale execution, clearing and business improvement services for broker dealers nationwide and abroad. Their correspondents include some of the industry's most prominent financial service providers. And their product menu includes an expansive mutual fund roster, a variety of Retirement Plans, complete cash management services, brand name institutional quality research, and fee based advisory products.
All accounts held by ADP Clearing are protected through the Securities Investor Protection Corporation and customers are afforded the benefits under the Securities Investor Protection Act of 1970. SIPC provides protection up to a $500,000 limit, of which $100,000 may be for cash balances.
In addition, the company has arranged supplemental account protection through Customer Asset Protection Company, a licensed Vermont insurer, which provides Excess SIPC protection of Full Net Equity of Securities and Cash, with no limitation on aggregate firm or per customer coverage. The additional securities and cash protection is of the same type and nature as provided by SIPC, but at a higher limit. Coverage is provided for the clearing operations of ADP Clearing, which includes all customer accounts that are cleared through company by its introducing broker dealer client.
The company also provides on-site and web delivered training and seminars pertaining to operations, systems and applications and products and services. Their Correspondent Resource Center is a robust online storefront offering a variety of products and services, communications, and administrative tools.
Financial Services Companies
all are here at FinancialBrowsers.com Permission is granted to reproduce this article as long as the above resource paragraph is left intact with active links.
Back to Stock Brokers
|
|
|
|
|
|
|