The local equity clearing firm has partnered with Shadforth Financial Group, FinClear said in a statement.
Under the partnership, FinClear provides direct trading, clearing and settlement services to Shadforth, as well as its TradeCentre front-end technology for client portfolio management.
FinClear chief executive David Ferrall said Shadforth was an important addition to FinClear’s customer base, which has seen strong growth over the past year.
“It’s great to see a strong national brand like Shadforth join our community of banks, brokers and advisors,” he said.
“We have grown by over 200% in the past 12 months, and this new partnership is truly the icing on the cake for what has been an exceptional 2018-19 financial year for FinClear. »
Shadforth principal Gene Phair said the partnership was the result of rigorous research.
“We were looking for a provider who could not only provide a fast and efficient brokerage service, but whose customer-focused values aligned with ours,” said Mr. Phair.
“FinClear has demonstrated a clear and in-depth understanding of our business and, although relatively new to the industry, truly strives to deliver a first-class customer and advisor experience. »
