MINNEAPOLIS, MN – July 22, 2019 – RBC Correspondent Services today announced that Moors & Cabot, a registered broker-dealer and investment advisor founded in 1890 and headquartered in Boston, has chosen the firm as its new clearing partner and premier service provider.
This new relationship will enhance Moors & Cabot’s back-office capabilities and offer improved experiences for advisors and their clients. Key benefits include: the ability to choose from a comprehensive wealth management platform featuring innovative products and tools to help achieve a broad range of goals.
“We are so pleased to welcome Moors & Cabot, a revered firm with an experienced advisor base and strong client focus, to our platform,” said Michael Belkin, senior vice president, business development manager at RBC Correspondent and Advisor Services. “Beyond providing technology and a broad range of business solutions, Moors & Cabot will benefit from our value-added services to help their advisors and organization deliver the finest client experience while acting as responsible stewards of their clients’ wealth.”
RBC Correspondent Services works with leading technology companies to integrate best-of-breed tools into its platform. Moors & Cabot will have access to features including RBC BLACK which combines relationship management from Redtail; risk due diligence from Riskalyze; account aggregation with Circle Black; financial planning provided by MoneyGuide Pro; and portfolio management with Vestmark.
“We see both a present and a future where advisors who utilize technology, portfolio management, and planning as a complement to their expertise provide the most effective version of wealth management,” said Stan Czyzyk, vice president of strategic initiatives at Moors & Cabot. “Moving to the RBC platform provides our advisors and clients with a platform that aligns to the expectations of an evolving market. This platform supports our technology strategy, building upon the groundwork we’ve already laid, making Moors & Cabot the ideal services platform for entrepreneurial, mobile, and independent-minded advisors.”
“RBC’s capabilities give our clearing and custody clients a significant competitive advantage – but our greatest strength is our service- and relationship-oriented culture,” added Brett Thorne, Head of RBC Correspondent and Advisor Services. “Supported by our platform, Moors & Cabot will be well positioned for the future of our industry.”
RBC Correspondent Services provides clearing, custodian and execution services for
independent broker-dealers and other financial professionals. A leader in the U.S. brokerage industry since 1909 and a custody and clearing leader since 1979, RBC specializes in delivering personalized, high-touch service to help investment professionals manage their clients’ needs.
RBC Correspondent Services is a division of RBC Capital Markets LLC, member NYSE/FINRA/SIPC, a wholly owned subsidiary of Royal Bank of Canada (RBC), one of the world’s largest and strongest banks. For more information, please visit www.rbccorrespondentservices.com.
Moors & Cabot is an investment firm headquartered in Boston with offices throughout the country. While Moors & Cabot’s approach to wealth management is a more personal one, it is also a full-service firm. Its financial products and services span the full spectrum of investment options – from financial and investment management to insurance and equity trading. For over 125 years, Moors & Cabot has been a trusted advisor to individuals, families, businesses and institutions in building, managing, protecting and transitioning wealth.
Global legal and regulatory information can be found at https://www.moorscabot.com/info-disclosures.html. Member FINRA, NYSE & SIPC.
© 2019 RBC Correspondent Services, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC.
Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.