First Kentucky has chosen RBC as our dedicated clearing and custody partner – as they are part of a well-known institution distinguished by a long heritage of financial strength. RBC’s parent company, Royal Bank of Canada (NYSE:RY) is one of the world’s leading diversified financial services companies.1
· High credit ratings2
· High quality balance sheet
· Proactive risk management
· Strong liquidity
RBC is a division of RBC Capital Markets, LLC, one of the largest full-service securities firms in the United States and has been serving the broker-dealer community since 1979.
1 RBC Capital Markets, LLC is the broker-dealer of RBC Correspondent Services, a wholly owned subsidiary of, and separate legal entity from, Royal Bank of Canada. Royal Bank of Canada does not guarantee any debts or obligations of RBC Capital Markets, LLC. 2 Moody’s® A1, Standard & Poor’s AA- and Fitch ratings AA, as of June 2016