{"id":2788,"date":"2021-06-14T19:03:00","date_gmt":"2021-06-14T19:03:00","guid":{"rendered":"https:\/\/wpvip-rbcwealthmanagement-com-preprod.go-vip.net\/rbcclearingandcustody\/en-us\/?post_type=rbcwm_newsroom&#038;p=2669"},"modified":"2023-06-16T19:41:02","modified_gmt":"2023-06-16T19:41:02","slug":"rbc-clearing-custody-welcomes-cowens-correspondent-clearing-clients-test","status":"publish","type":"rbcwm_newsroom","link":"https:\/\/www.rbcclearingandcustody.com\/en-us\/newsroom\/2021-06-14\/rbc-clearing-custody-welcomes-cowens-correspondent-clearing-clients-test","title":{"rendered":"RBC Clearing &amp; Custody welcomes Cowen\u2019s correspondent clearing clients"},"content":{"rendered":"\n<h2 class=\"wp-block-heading h4\" id=\"h-announcement-marks-an-important-milestone-for-growth-in-the-institutional-broker-dealer-segment\"><em>Announcement marks an important milestone for growth in the institutional broker dealer segment<\/em><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><strong>MINNEAPOLIS, Minnesota<\/strong><\/strong> <strong>(June 14, 2021)<\/strong> \u2013 RBC Clearing and Custody (RBC C&amp;C), a division of RBC Capital Markets, LLC, today announced it has expanded its clearing platform that services broker-dealer and registered investment advisor (RIA) firms across the wealth spectrum by entering into an agreement to transition a subset of Cowen\u2019s Correspondent Clearing business to the RBC platform.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe institutional broker-dealer space is a segment we committed to expanding over two years ago,\u201d said Brett Thorne, President of RBC Clearing &amp; Custody. \u201cOur agreement with Cowen has accelerated our growth trajectory by bringing our industry-leading technology and innovative services to institutional clients in new markets.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Over the last five years, revenue and assets under management rose over 100 percent as the business attracted more broker-dealers and RIAs to the platform. RBC C&amp;C attributes its rapid growth to its partnerships with its financial services business clients, helping them achieve their most important strategic priorities, as well as important enhancements and investments in technology to help RBC C&amp;C\u2019s clients grow, run and protect their business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI am thrilled to welcome Cowen\u2019s clients who have transitioned with me to RBC Clearing &amp; Custody,\u201d said David Aronow, business development manager at RBC Clearing &amp; Custody. \u201cI\u2019m excited about RBC\u2019s capabilities to deepen client relationships and attract new opportunities to serve a broader client base with the aim of being the preferred institutional-oriented broker-dealer in the U.S.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Client-centricity has long been a hallmark of how RBC C&amp;C has been serving clients for more than 40 years. RBC C&amp;C is further deepening its relationships with clients by delivering value they can\u2019t find anywhere else. \u201cAt Watermill Institutional Trading we work every day to provide the highest caliber of service and quality trade executions\u201d said Ben Bram, Managing Member.&nbsp;\u201cClearing now thru RBC we have partnered with an organization who will help us provide greater value for our clients and innovative ways to serve their needs.\u201d<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-about-rbc-clearing-custody\">About RBC Clearing &amp; Custody<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">RBC Clearing &amp; 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 specializes in delivering personalized, high-touch service to help investment professionals manage their clients\u2019 needs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">RBC Clearing &amp; 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\u2019s largest and strongest banks. For more information, please visit&nbsp;<a href=\"http:\/\/www.rbcclearingandcustody.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">www.rbcclearingandcustody.com<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-media-contact\">Media Contact<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Nicole Garrison, 612-371-2999, <a href=\"mailto:nicole.garrison@rbc.com\">nicole.garrison@rbc.com<\/a><\/p>\n\n\n\n<p class=\"is-style-disclaimer wp-block-paragraph\">\u00a9 2021 RBC Clearing &amp; Custody, a division of RBC Capital Markets, LLC, Member NYSE\/FINRA\/SIPC.<\/p>\n\n\n\n<p class=\"is-style-disclaimer wp-block-paragraph\">RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE\/FINRA\/SIPC.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Announcement marks an important milestone for growth in the institutional broker dealer segment MINNEAPOLIS, Minnesota (June 14, 2021) \u2013 RBC Clearing and Custody (RBC C&amp;C), a division of RBC Capital Markets, LLC, today announced it has expanded its clearing platform that services broker-dealer and registered investment advisor (RIA) firms across the wealth spectrum by entering [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"template":"","meta":{"_acf_changed":false,"editor_notices":[],"footnotes":""},"rbcwm_solution":[],"rbcwm_newsroom_category":[32],"class_list":["post-2788","rbcwm_newsroom","type-rbcwm_newsroom","status-publish","hentry","rbcwm_newsroom_category-announcements"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>RBC Clearing &amp; 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