Clearing Firm Information and Link
Access Your Account With Investor Connect through RBC Clearing and Custody Click here to access your account online
American Capital Partners, LLC has an association with RBC Clearing and Custody (RBC C&C) which is a division of RBC Capital Markets, LLC, our clearing firm; member NYSE/FINRA/SIPC. RBC Capital Markets, LLC, is a member of the NYSE, AMEX, CHX, CBOE and PSE and has execution capabilities on all principal exchanges. RBC Capital Markets, LLC is owned by Royal Bank of Canada, which trades under the symbol RY on the New York Stock Exchange.
American Capital Partners, LLC's Relationship with RBC C&C
Our firm has a contractual agreement with RBC Clearing and Custody (RBC C&C) to serve as our clearing firm. This fully disclosed agreement states the responsibilities of each party. Prior to the agreement becoming effective, RBC C&C is responsible for making all disclosures to our firm's designated examining authority as required by NYSE Rule 382. Each client of our firm is notified of the relationship via a disclosure letter. The disclosure letter details the responsibilities that our firm (the introducing broker-dealer) and RBC C&C (the clearing firm) have to the client. Although client assets are held by RBC Capital Markets, LLC, neither RBC Capital Markets, LLC, nor RBC C&C has responsibility for the financial condition or performance of our firm or our Financial Advisors.
SIPC & Additional Coverage for Client Accounts
(“Our firm" refers American Capital Partners, LLC)
Our clearing firm, RBC Clearing and Custody, is a division of RBC Capital Markets, LLC. RBC Capital Markets, LLC, is a member of the Securities Investor Protection Corporation (SIPC). SIPC is a nonprofit membership corporation funded by its member security broker-dealers. SIPC protects the securities clients of its members in the event of the failure of a member firm. SIPC reimburses clients the cash value of their securities up to $500,000 per client. Any cash in a client's account would be reimbursed by SIPC up to $250,000 (reducing the $500,000 above).
RBC Capital Markets, LLC, has purchased an additional policy that offers coverage in excess of the protection provided by SIPC. This coverage covers additional securities and cash protection up to $99.5 million per client, of which $900,000 may be in cash. A $400 million aggregate limit applies to this additional coverage.
RBC Capital Markets, LLC, also offers protection if a client’s securities are missing because of theft by an outsider, computer fraud or theft by an employee for personal gain. In such cases, the firm’s CAN$310 million Financial Institution Bond coverage would cover the client’s losses, subject to that policy’s terms, conditions and limits.
Note: Neither SIPC protection, nor protection in excess of that offered by SIPC, covers a decline in the value of a client’s assets due to market loss. Additional information is available upon request or at www.sipc.org. Click here for the RBC C&C website
In addition to our firm, RBC C&C conducts clearing operations for correspondents across the country. RBC C&C performs centralized cashiering, bookkeeping, and execution functions for our cash and margin accounts. RBC C&C handles the delivery and receipt of securities purchased or sold by clients, receives and distributes dividends and other distributions and processes exchange offers, rights offerings, warrant exercises, tender offers and redemptions. RBC also extends credit for the purchase or sale of securities in margin accounts in accordance with the margin agreement between you and RBC Clearing and Custody.
As noted in account documentation you may be assessed certain fees and/or service charges related to your account(s) at American Capital Partners, LLC clearing through RBC C&C, these charges may include but are not limited to certain annual fees, inactivity fees, postage and handling fees, minimum commission charges ($100.00) and Automated Account Transfer (ACAT) fees (outgoing).