RF Securities Clearing LP (RF Securities) is RF Capital Group’s wholly owned carrying broker, providing back office functions, including execution, clearing and settlement of securities, custodial services, record-keeping, trade confirms and tax slips. These services are provided pursuant to Introducing/Carrying Broker Agreements between RF Capital Group and Richardson Wealth, and between RF Capital Group and other third party independent dealers. RF Securities is a member of the Investment Industry Regulatory Organization of Canada (IIROC).
The benefits of using a carrying broker include cost efficiencies, economies of scale and risk mitigation. The greatest benefit is that carrying brokers allow introducing brokers to focus on their core competencies, including client relationship management, asset accumulation, portfolio management.