At Buckman, Buckman & Reid, Inc., you can count on trained specialists. equipped with the latest technology, to provide efficient order executions and prompt, accurate verbal and written reports of your transactions.
Our professionals have access to in-house proprietary trading and portfolio management systems. In addition, our clearing firm RBC Correspondent Services, LLC has installed a computer system that provides automated order execution, account information and current research reports.
In today's rapidly changing financial markets, you want to entrust your investments to a strong partner. RBC Capital Markets, LLC (RBC CM), provides the protection you need. We view the safety and security of the assets in your accounts as a priority equal in importance to the work we do helping you build, enjoy and share your wealth.
Key Distinction between Brokerages and Banks
It is important to understand a fundamental difference between how assets are treated in a bank account versus that of a brokerage account.
Banks are only required to have a fraction of all deposited money on hand to ensure they can meet minimum cash flow needs. Should a bank fail, and not have sufficient funds to fully reimburse its depositors, Federal Deposit Insurance Corporation (FDIC) protects depositors of member banks, up to certain limits.
In the brokerage industry, on the other hand, your assets are held in custody by your brokerage firm. Unless you are using margin, we act as a custodian of your assets holding them on your behalf, but not lending them to others. So your assets should always be available to you.
Thorough Measures to Protect Your Assets
The assets held in an account at RBC CM have four layers of protection:
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A simple phone call puts you in immediate touch with a BB&R professional who will handle your transactions quickly and efficiently. Our advanced communications systems provide rapid, accurate order transmission and reports of order execution back to our office.
A next day written confirmation of your transactions will be generated and mailed to you. You will receive a comprehensive statement showing detailed activity for each month. These statements are formatted to be reader-friendly with clear accurate details.
When you turn to BB&R you not only enjoy professional advice for your stock and bond transactions, you have access to a wide variety of other investment products as well.
Whether an occasional investor, or an active trader, you will find products that can help you achieve your financial objectives, including long or short term growth, income, or tax benefits.
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** Prospectus available upon request
BB&R allows you to make your investment decisions with confidence or benefit from the advice of a BB&R professional. Our experience in trading, our computerized technology, our quotation systems, our prompt response to your orders, and our next-day continuations keep you informed with accurate up-to-the-minute status of your accounts.
We make certain that your money is constantly working for you. Cash balances above $1,000 earn interest daily so uninvested funds can be left in your account waiting to be invested.
RBC Correspondent Services, is a division of RBC Capital Markets, LLC, member NYSE/FINRA/SIPC. RBC Capital Markets, LLC, is one of the nation's largest full-service securities firm's. RBC Capital Markets, LLC, is a wholly owned subsidiary of, and separate legal entity from, Royal Bank of Canada. Royal Bank of Canada does not guarantee any debts or obligations of RBC Capital Markets, LLC.
Securities offered through Buckman, Buckman & Reid, Inc. RBC Correspondent Services is not affiliated with Buckman, Buckman & Reid, Inc.