MINNEAPOLIS, Minnesota (April 25, 2022) – RBC Clearing and Custody (RBC C&C), a division of RBC Capital Markets, LLC, today announced the launch of RBC Nexus, a revolutionary new unified technology platform and secure entry point for all independent broker-dealers and registered investment advisors.
RBC Nexus is the only platform financial professionals need to conduct all business with RBC C&C, minimizing the need to access multiple applications or manage integrations. It was conceived as an innovative way to help financial professionals more efficiently manage their client relationships, operate their book of business and access RBC C&C’s full array of technology tools in one place.
“RBC Nexus is the culmination of a three-year technology transformation journey that will reinvent the advisor and client experience for firms that clear and custody through RBC C&C,” said Noel Stave, Chief Technology Officer of RBC Clearing & Custody. “We’ve invested more in technology during the past three years than ever in our forty years in the business. The firms and their clients we serve can now reap the benefits of these investments. Through our cutting-edge new platform, coupled with great people delivering excellent service, we are elevating the overall advisor experience.”
In addition to managing their book of business in RBC Nexus, financial professionals can take advantage of a host of new integrated capabilities including a new digital account opening platform powered by Docupace, utilize RBC C&C’s new Nexus Trading workstation for order entry, and analyze and report on client assets using RBC C&C’s new performance reporting solution powered by Addepar. RBC Nexus centralizes all these functionalities, and more, at no additional cost. “This gives financial professionals more time for what they really want to do – build relationships, provide advice and discover unmet needs,” added Mr. Stave. Users can also seamlessly access RBC C&C’s award-winning multi-custodial platform, RBC BLACK directly from RBC Nexus.
RBC Nexus is device and OS agnostic, enabling financial professionals to provide proactive client service and responsive client support from their office, from their home or wherever they choose to conduct their business.
RBC Clearing & Custody provides clearing, custodian and execution services for independent broker-dealers and registered investment advisors. A leader in the U.S. brokerage industry since 1909 and a custody and clearing leader since 1979, RBC C&C specializes in delivering innovative technology, fiscal strength, world class resources, investment insights and attentive service to help financial professionals manage their clients’ needs.
RBC Clearing & Custody 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.rbcclearingandcustody.com.
Jenny Paffel, 612-371-2239, jenny.paffel@rbc.com
© 2022 RBC Clearing & Custody, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC.