New York, NY – In today’s challenging economy, strategic alliances enable businesses to gain competitive advantages through access to partners’ resources. Meaningful partnerships are the foundation for success. Through Spartan Capital Securities LLC’s (SCS) alliance with the Royal Bank of Canada (RBC), they are able to offer clients a wide range of services. SCS has been selected, once again, to participate in the RBC Correspondent Services Advisory Council being held February 18th and 19th. Founded in 1979, RBC Correspondent Services has a strong history in the clearing business. It is a division of RBC Capital Markets Corp., one of the largest brokerage and investment banking firm in the country. RBC Capital Markets Corp. has been serving individual clients since 1909, and is recognized today as a leader in the retail, fixed income, correspondent clearing and equity capital market businesses. It is a subsidiary of the Royal Bank of Canada (RBC) since January 2001. SCS and RBC take great pride in maintaining a financial environment that offers safety for clients’ account assets. Protection is offered through RBC’s membership in the Securities Investor Protection Corporation (SIPC) which currently covers up to $500,000 per account (of which $100,000 may be in cash). Furthermore, a supplemental policy purchased from Lloyd’s of London covers additional securities and cash protection up to an aggregate of $400 million limited to a combined return to any SIPC qualified account from a Trustee, SIPC, and the Lloyd’s coverage of $100 million ($1 million of which may be in cash). SCS also offers the RBC Premier Line of Credit to help meet cash management and investment needs. Adhering to a disciplined investment strategy is important. Yet, if clients ever encounter cash-flow difficulties, or wish to finance a major purchase or satisfy tax obligations, this line of credit enables the safeguarding of key financial objectives, maintaining investment portfolios without liquidating assets or disrupting tax strategy. Through RBC and its partners, SCS also has access to trust services. This complex area requires dedicated professionals with an expertise in trust laws and administration. RBC’s partnerships with established trust companies, allows SCS to deliver a full range of professional trustee services, including revocable, irrevocable, and charitable among others. These trusts can hold all types of assets such as financial, real estate or personal property in multiple jurisdictions, including all 50 states in the U. S. and many international locations. Through RBC, and SCS’s affiliated companies, SCS clients also have access to wealth management and insurance services. Developing a sound investment plan tailored to your specific needs is the first step towards reaching your goals. With the many thousands of investments available, The Advisor program can simplify this challenging selection process by providing you with the professional, customized advice of your Financial Advisor. SCS Advisory Services offers customized, professional advice, access to a wide variety of investments, free transfer across mutual fund families, in-depth research, and ongoing service while SCS Insurance Agency Services provides insurance products from a variety of sponsors.
To learn more about the relationship between Spartan Capital Securities and RBC, please contact your financial advisor and visit www.spartancapital.com.