Introducing First Clearing, LLC
First Clearing, LLC provides the benefit of a firm with a long heritage in the full-service brokerage business and the strength of Wells Fargo & Company, one of the nation’s strongest financial services companies.
Headquartered in St. Louis, Missouri, First Clearing, LLC (FCC) provides quality securities-execution and brokerage-clearance services to Wells Fargo Advisors and retail securities firms throughout the United States. First Clearing, LLC is also a member of the New York Stock Exchange, NASDAQ, and other major exchanges.
A Partnership That Benefits You
First Clearing provides a comprehensive suite of solutions to help full service and independent retail broker-dealers run more efficiently, grow more confidently and protect more effectively. More than a clearing firm, First Clearing helps firms grow and succeed by providing superb broker workstation technology and access to a full array of investment products and services. First Clearing: your Clear Advantage.
Wide Range of Products and Services
First Clearing, LLC’s long experience in serving some of the most respected securities firms in America allows us to offer both traditional and innovative financial services:
- Asset-management accounts with checkwriting and ATM access
- Personal financial planning services
- A full range of retirement plans for individuals and businesses, and analysis to help you decide which ones are right for your clients
- Traditional brokerage accounts
- A variety of fee-based accounts
- A fee-based mutual fund consulting service that includes access a broad array of no-load and load-waived funds
- Strategic and tactical asset-allocation services
- Special services for retired investors
- Private credit line (margin account)
- Unbiased investment research
- Timely investment strategy and mutual fund reports, including specific stock and fund recommendations
Advanced Technology
SmartStationSM , our single sign-on, integrated technology platform, provides enhanced productivity with comprehensive functionality to better serve the needs of investment professionals. We think that’s the smart way to help you grow your business
Bundling over 150 applications into one intuitive workspace puts investment planning, real-time market data, compliance tools, and research sources right on their desktop.
Operations and Execution Support
First Clearing, LLC provides efficient execution services for trading stocks, bonds, and other securities on your behalf. In addition, we document and clear all transactions, including collection and payment of dividends and interest, processing corporate reorganizations, trade confirmations, monthly or quarterly statements, custody of assets, and annual tax-reporting summaries.
Account Protection
First Clearing, LLC is a member of the Securities investor Protection Corporation (SIPC), a nonprofit, congressionally chartered membership corporation created in 1970. SIPC protects clients against the custodial risk of a member investment firm becoming insolvent by replacing missing securities and cash up to $500,000, including up to $100,000 in cash, per client, in accordance with SIPC rules. (Note that SIPC coverage is not the same as, nor is it a substitute for, FDIC deposit insurance; securities purchased through First Clearing are not FDIC-insured.) For more information about SIPC, please visit SIPC.org.
Above and beyond SIPC coverage, First Clearing maintains additional insurance coverage provided through London Underwriters (led by Lloyd’s of London Syndicate) (“Lloyd’s”). For clients who have received the full SIPC payout limits for any missing securities and cash in client investment accounts, up to a clearing-firm aggregate limit of $1 billion (including up to $1.9 million for cash per client). In other words, the aggregate amount of all client losses covered under this policy are subject to a limit of $1 billion, with each client covered up to $1.9 million for cash.
Our Commitment to Excellence
At First Clearing, LLC our goal is to provide you with high-quality service and execution. We prosper by helping you prosper. That simple fact is at the center of everything we do. In a highly competitive business, that focus has helped us enjoy a steady pattern of dynamic growth. First Clearing: your Clear Advantage.