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Wach and Wells custodians

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Nov 23, 2008 10:58 pm

goingtozero

Joined: 2008-11-23Offline

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 11:43 pm

HymanRoth

Joined: 2008-08-25Offline

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

Nov 24, 2008 12:11 am

YTB

Joined: 2008-10-04Offline

I believe Wachovia uses First Clearing Corp (FCC)

Nov 24, 2008 12:41 am

Hydeho

Joined: 2007-02-24Offline

[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

nestegg

Joined: 2007-06-14Offline

Wach owns First Clearing which is who they clear through