Credential launches self-clearing model

Credential Securities, wholly-owned subsidiary of Credential Financial Inc., has become a self-clearing IIROC brokerage firm. This includes the company’s online brokerage, Credential Direct.

“In today’s evolving marketplace, our partners’ wealth management services have increased in sophistication and continuing to innovate to meet their needs is our priority,” said Doce Tomic, president and CEO, Credential. “Self-clearing will give us greater control and more flexibility to expand our investment product offerings to our partners and their clients.”

As a self-clearing broker, Credential now provides enhanced brokerage services including custody, clearing, settlement, and record-keeping.

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