Who Is HD Vest?
Financial Services Reinvented — Serving Advisors Who Serve You
Since its inception in 1983, HD Vest Financial Services® supports an independent network of tax and non-tax professionals who provide comprehensive financial services solutions, including securities, insurance, money management services and banking solutions. Approximately 3,700 independent contractors manage over $45 billion in assets for individuals, families and small businesses in all 50 states.1 HD Vest financial services ranked as one of the top 15 independent broker-dealer firms,2 we know what it takes to make your practice flourish.
1As of July 1, 2018
2Think Advisor 2016 Broker-Dealer Reference Guide, which measured/ranked the top 25 independent broker-dealers by annual revenue.
Independence You can Count On
HD Vest Advisors are independent, which allows them to objectively choose the best solutions for individuals based on a wide array of options. But independence isn’t about standing alone. It’s about partnering to harness the resources and support that enable Advisors to take the steps that are right for their clients and their business. That’s why a growing number of Advisors rely on the strength and leadership HD Vest provides to help them serve a broader range of client needs.
The HD Vest affiliated companies exclusively provide financial products and services, and do not provide or supervise tax or accounting services. Advisors may provide tax, accounting or other services through their independent outside businesses, but these services are separate and apart from HD Vest.
30 Years and Growing
Where we’ve been
At HD Vest, helping today’s investors obtain the objective financial advice they seek from trusted financial and tax professionals continues to be the heart of what we do - our mission. We are proud to celebrate more than 30 years of helping Advisors and their clients pursue a comprehensive approach to financial well-being.
Where we’re going
Today, HD Vest supports a growing independent network of financial advisors who are also accounting and tax professionals that provide financial solutions to a broad range of individual and corporate clients through the various subsidiaries of HD Vest. These can include mutual funds, individual securities, insurance, money management services, estate planning, retirement planning, and banking solutions.
A Partnership that Benefits You
HD Vest focuses on making it easy for Advisors to develop strategies for your unique financial goals and provide you with the information and resources to invest intelligently. Our Advisors are provided access to the unparalleled products, services, technology, and support required to serve your needs.
Fidelity Clearing & Custody Solutions®
Fidelity Clearing & Custody Solutions® (FCCS) provides a comprehensive clearing and custody platform, brokerage services, trading capabilities, and practice management and consulting to registered investment advisors (RIAs), including strategic acquirers and professional asset managers, as well as retirement recordkeepers, broker-dealer firms, banks, and insurance companies through National Financial Services LLC (NFS) or Fidelity Brokerage Services LLC, Members NYSE, SIPC. In addition to providing services to third-party institutions, the NFS brokerage platform supports all the clearing and custody businesses at Fidelity®, including Fidelity’s retail and capital markets businesses.
Asset Protection
Securities in accounts carried by National Financial Services LLC (NFS), a Fidelity Investments company, are protected in accordance with the Securities Investor Protection Corporation (SIPC) up to $500,000. For claims filed on or after July 22, 2010, the $500,000 total amount of SIPC protection is inclusive of up to $250,000 protection on claims for cash, subject to periodic adjustments for inflation in accordance with terms of the SIPC statute and approval by SIPC’s board of directors. NFS also has arranged for coverage above these limits. Neither coverage protects against a decline in the market value of securities, nor does either coverage extend to certain securities that are considered ineligible for coverage. For more details on SIPC, or to request a SIPC brochure, visit www.sipc.org or call 202.371.8300.
“Excess of SIPC” Coverage
In addition to SIPC protection, NFS provides for brokerage accounts additional “excess of SIPC” coverage.
The excess of SIPC coverage will be used only when SIPC coverage is exhausted. Like SIPC protection, excess of SIPC protection does not cover investment losses in customer accounts due to market fluctuation. It also does not cover other claims for losses incurred while broker-dealers remain in business. Total aggregate excess of SIPC coverage available through NFS’s excess of SIPC policy is $1 billion. Within NFS’s excess of SIPC coverage, there is no per-account dollar limit on coverage of securities, but there is a per-account limit of $1.9 million on coverage of cash awaiting investment. This is the maximum excess of SIPC protection currently available in the brokerage industry.
Fidelity Clearing & Custody Solutions®, National Financial Services LLC and Fidelity Investments® (together Fidelity®) are independent companies, unaffiliated with HD Vest Financial. Fidelity is a service provider to HD Vest. There is no form of legal partnership, agency affiliation, or similar relationship between HD Vest and Fidelity, nor is such a relationship created or implied by the information herein.
Fidelity Clearing & Custody Solutions provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC. Third party marks are the property of their respective owners; all other marks are the property of FMR LLC. 859862.1.0