Wach and Wells custodians
Nov 23, 2008 10:58 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?
 thanksNov 23, 2008 11:43 pm
I think Wacovia is self-clearing…consolidated on the WachEdwards platform.
Nov 24, 2008 12:11 am
I believe Wachovia uses First Clearing Corp (FCC)
Nov 24, 2008 12:41 am
[quote=YTB]I believe Wachovia uses First Clearing Corp (FCC)[/quote]
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 24, 2008 12:49 am
Wach owns First Clearing which is who they clear through
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