Centennial Securities selects RBC Correspondent Services as new clearing partner



MINNEAPOLIS, Minnesota (July 14, 2020) – RBC Correspondent Services, one of the largest clearing providers in the U.S., today announced that Centennial Securities, a registered broker-dealer and investment advisor firm headquartered in Grand Rapids, MI, has chosen the firm as its new clearing and premier service provider.

Centennial Securities will have the advantage of leveraging RBC Correspondent Services’ power of technology to enhance the investor-advisor experience by using its cutting-edge digital account opening and servicing platform in conjunction with its award-winning RBC BLACK platform to help grow their business.

This new relationship will also enhance Centennial Securities capabilities and solutions by providing the sophisticated planning tools, broad investment platform and the extensive roster of experienced wealth management specialists within RBC.

“Centennial Securities is a well-respected organization that shares our client-first values,” said Michael Belkin, senior vice president, business development manager at RBC Correspondent and Advisor Services. “We are thrilled to welcome them to our platform and be able to provide their financial professionals with an expanded suite of products, digitally enabled technology and the support necessary to meet their clients’ needs and goals.”

“Our vision at Centennial Securities is to create a premier client experience with innovative and user-friendly technology that complements our financial advisors’ business models,” said Ryan Diepstra, senior vice president, Centennial Securities. “Our relationship with RBC Correspondent Services aligns with our goals and will enhance our services with best-in-class tools.” 

 “We continue to attract the very best broker-dealers and investment advisory firms,” said Brett Thorne, head of RBC Correspondent and Advisor Services. “Our unique culture and value-added services, along with a broad range of business resources, give our clearing and custody clients a significant competitive advantage to help make a difference in their business.”

About RBC Correspondent Services

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.

About Centennial Securities

Centennial Securities is a full-service independent brokerage and investment advisory services firm headquartered in Grand Rapids, Michigan with offices throughout the state as well as Chicago, Illinois. Its financial products and services include an extensive array of investment solutions including family wealth management, retirement and income planning. Since 1978, Centennial Securities’ financial advisors are licensed to offer a wide range of unbiased investment solutions for individuals, families, businesses and institutions with one goal in mind – to preserve, grow, and manage wealth. For more information, please visit www.centennialsec.com.

Media Contact

Nicole Garrison, 612-371-2999, nicole.garrison@rbc.com

© 2020 RBC Correspondent Services, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC.

RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC.