What is Apex Clearing on my bank statement?

What is Apex Clearing on my bank statement?


What is Apex Clearing ACH charge?

Bank Transfer (ACH) Incoming – $0. Bank Transfer (ACH) Outgoing- $0. Returned ACH (insufficient funds) & Recall/Stop Payments – $0.50 each. ACH Notice of Correction (NOC) Fee – $5 per notice.

What companies use Apex Clearing?

Companies Currently Using Apex Clearing

Company Name Website Sub Level Industry
Lifeworks Advisors lifeworksadvisors.com Brokerage
Ashley Furniture ashleyfurniture.com Rental – Furniture, Equipment & Other
Prudential Financial prudential.com General Financial Services & Insights

Is Apex Clearing a custodian?

Exclusive: Apex Clearing CEO Says Brokers Like Robinhood ‘Wouldn’t Exist’ Without The Digital Custodian. Bill Capuzzi is the CEO of APEX Clearing, a provider of digital clearing, custodial services, real-time crypto solutions, fractional share-trading and other services to online brokers.

Who is Apex clearing House?

Apex Clearing Corporation provides digital wealth management solutions. The Company offers account and cash management, paperless account opening and funding processing, automated re-balancing, investment planning, portfolio construction, and other back office services.

How does Apex clearing make money?

When one broker or dealer lends securities to another, the borrower pays collateral slightly higher than their market value along with a fee that goes to the lender and to the clearing broker facilitating the transaction. Both of those streams represent revenue-generating opportunities for Apex and its clients.

Is Apex a broker-dealer?

Apex Clearing Corporation is a broker-dealer incorporated in the state of New York.

Does Robinhood use Apex Clearing?

Yes! But, there are two types of brokerage firms: introducing brokers and clearing brokers. In fact, the top five clearing firms cleared 1,310 introducing firms in 2016. Now, Robinhood is also a clearing broker, which means we have complete control over giving you the best experience out there!

Who is Tricia Rothschild?

Riskalyze has added Tricia Rothschild, who spent 26 years at Morningstar, to its board. Rothschild most recently served as president of Apex Fintech Solutions and, prior to that, completed her tenure at Morningstar as its chief product officer and co-head of global markets.

Does Stash use Apex Clearing?

All Stash accounts are held by our trusted partner and custodian Apex Clearing, a registered broker-dealer regulated by FINRA. At Apex, your investments are protected up to a maximum of $500,000 total, including $250,000 in cash balances through the Securities Investor Protection Corporation (SIPC).…

What do clearinghouses do?

A clearing house is an intermediary between buyers and sellers of financial instruments. It is an agency or separate corporation of a futures exchange responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery, and reporting trading data.

Does Stash use Apex?

Stash Capital routes all of your trades to our brokerage partner, Apex Clearing, for execution.

Begin typing your search term above and press enter to search. Press ESC to cancel.

Back To Top