TradePMR Selects First Clearing
April 13, 2011 — TradePMR, Inc. (TradePMR) and First Clearing, LLC (First Clearing) have signed an agreement under which First Clearing will provide clearing and custodial services to TradePMR. Distinguished for focusing on the Registered Investment Advisor (RIA) space, TradePMR intends to further its unique position in the industry through its new relationship with First Clearing.
The TradePMR–First Clearing combination will marry First Clearing’s commitment to service, comprehensive product platform and large custodial capability — plus its ability to help businesses grow and the strength and stability of its parent company (financial giant Wells Fargo) — to TradePMR’s distinctive approach, which includes a leading-edge advisory workstation specifically designed to meet the needs of independent investment advisors.
“Selecting First Clearing allows us to offer services that are especially valuable to larger RIAs serving higher-net-worth investors,” said TradePMR CEO Robb Baldwin. “Because of the relationship with First Clearing, our advisors will be able to offer access to some lending services, trust services and a wide variety of advisory products, plus fixed-income and custodial services — all on one comprehensive platform.”
“We’re excited to support a firm of TradePMR’s vision, known for its attention to the needs of Registered Investment Advisors,” said First Clearing’s President Atul Kamra. “By sharing First Clearing’s deep resources, we can help them build a comprehensive platform that provides RIAs with a competitive edge. This should only increase TradePMR’s momentum in a growing segment of the market.”
An industry leader with a 10-year track record of servicing RIAs, TradePMR has differentiated itself by understanding RIAs and by not competing with its advisors’ clients in the retail channel.
By aligning with First Clearing, TradePMR will be able to provide best-of-breed products and services designed to meet the needs of RIAs, including:
• Lending services offered through affiliates of Wells Fargo & Company
• Trust services through First Clearing banking and trust affiliates, in addition to non-affiliated companies
• Robust training opportunities at a state-of-the-art educational facility
• Dynamic advisor-development services through First Clearing’s Growth Accelerator program, including one-on-one advisor coaching and business-development support
The full range of services should be available to TradePMR RIAs later this year. *****
First Clearing, LLC is a registered broker-dealer & non-bank affiliate of Wells Fargo & Company. 0411-0891
TradePMR is a privately held brokerage firm (Member FINRA/SIPC) located in Gainesville, Florida. Since 1999, it has been a leading provider of Brokerage and Custody services to Independent Registered Investment Advisors (RIAs) and their clients by providing an integrated web-based workstation that enables RIAs to run their practices more efficiently and effectively.
- Contact Information
- Rob Dilbone
- Managing Director
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