Moors and Cabot selects RBC for clearing services
24 July 2019 Boston
Image: Shutterstock
Moors and Cabot has selected RBC Correspondent Services as its new clearing partner and service provider.
According to RBC, this new relationship will enhance Moors and Cabot’s back-office capabilities and offer improved experiences for advisors and their clients.
Moors and Cabot will have access to features including RBC Black, which combines relationship management from Redtail.
It will also have access to risk due diligence from Riskalyze, account aggregation with Circle Black and financial planning provided by MoneyGuide Pro as well as portfolio management with Vestmark.
Michael Belkin, senior vice president, business development manager at RBC Correspondent and Advisor Services, said: “Beyond providing technology and a broad range of business solutions, Moors and Cabot will benefit from our value-added services to help their advisors and organisation deliver the finest client experience while acting as responsible stewards of their clients’ wealth.”
Brett Thorne, head of RBC Correspondent and Advisor Services, commented: “RBC’s capabilities give our clearing and custody clients a significant competitive advantage—but our greatest strength is our service- and relationship-oriented culture. Supported by our platform, Moors and Cabot will be well-positioned for the future of our industry.”
Stan Czyzyk, vice president of strategic initiatives at Moors and Cabot, said: “Moving to the RBC platform provides our advisors and clients with a platform that aligns to the expectations of an evolving market.”
According to RBC, this new relationship will enhance Moors and Cabot’s back-office capabilities and offer improved experiences for advisors and their clients.
Moors and Cabot will have access to features including RBC Black, which combines relationship management from Redtail.
It will also have access to risk due diligence from Riskalyze, account aggregation with Circle Black and financial planning provided by MoneyGuide Pro as well as portfolio management with Vestmark.
Michael Belkin, senior vice president, business development manager at RBC Correspondent and Advisor Services, said: “Beyond providing technology and a broad range of business solutions, Moors and Cabot will benefit from our value-added services to help their advisors and organisation deliver the finest client experience while acting as responsible stewards of their clients’ wealth.”
Brett Thorne, head of RBC Correspondent and Advisor Services, commented: “RBC’s capabilities give our clearing and custody clients a significant competitive advantage—but our greatest strength is our service- and relationship-oriented culture. Supported by our platform, Moors and Cabot will be well-positioned for the future of our industry.”
Stan Czyzyk, vice president of strategic initiatives at Moors and Cabot, said: “Moving to the RBC platform provides our advisors and clients with a platform that aligns to the expectations of an evolving market.”
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