Trade Settlement & Clearing
Many small-and mid-sized investment managers custody assets at discount brokers such as Charles Schwab, TD Ameritrade, Fidelity, SEI, Datalynx, or others. Portfolio managers can capture the benefits we have outlined here by trading away from their custodian and purchasing investments through YieldQuest Securities. Whether it’s an individual bond or exchange traded security, we strive to make third-party settlement as seamless as possible. In these cases, YieldQuest and the client engage in DVP transactions that swap the securities for cash with the custodian on the settlement day of the trade. Through years of experience and everyday contact, our professionals have developed excellent relationships with many of the custodians listed above. If you are unfamiliar with these types of transactions, a member of our team can walk you through the simple steps involved in the trade-settlement process.