Wach and Wells custodians

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Nov 23, 2008 5:58 pm

Anyone know who the custodian is for Wach and Wells bank brokerage accounts? Are Wach guys going to have to port all their accounts to a new platform or do they both use NFS or similar?

 
thanks
Nov 23, 2008 6:43 pm

I think Wacovia is self-clearing....consolidated on the WachEdwards platform.

Nov 23, 2008 7:11 pm

I believe Wachovia uses First Clearing Corp (FCC)

Nov 23, 2008 7:41 pm
YTB:

I believe Wachovia uses First Clearing Corp (FCC)



Yes WacSec clears via First Clearing. Wells brokerage will switch to the WacSec platform, 1300 vs 15000, makes sense. Will be part of ISG i would guess.

Nov 23, 2008 7:49 pm

Wach owns First Clearing which is who they clear through