National Financial Services (NFS)
What is National Financial Services (NFS)?
National Financial Services (NFS) is a clearing firm that handles the behind-the-scenes processing of trades and safekeeping of assets. NFS is a subsidiary of Fidelity Investments, one of the largest and most trusted financial institutions.
In simple terms, think of NFS as the bank and record keeper for your investment account. While your financial advisor or broker-dealer (such as Osaic Wealth, Inc.) provides investment guidance and facilitates transactions, NFS ensures those transactions are executed correctly and your assets are securely held.
How Does NFS Fit into Your Account?
Your investment account involves three key players:
You make investment decisions with the help of your financial advisor or broker-dealer.
They provide financial advice, execute trades, and manage your portfolio.
- Processes and settles your trades.
- Holds your assets securely.
- Provides statements and tax documents.
- Ensures regulatory compliance and reporting.