Operations
Three Bearings Fiduciary Advisors serves NH Trustees of Trust Funds with an exceptional team that has experience and expertise managing municipal trust and capital reserve funds. Here are a few of the resources available to our municipal clients:
Professional Investment Management Software
Provides trustees with the latest in portfolio management systems technology.
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Daily transaction downloads
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Portfolio statements on demand
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Quarterly performance reports
Professional Rebalancing Software
Provides a fast and efficient to way keep your portfolios in tune with your investment policy.
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Compares actual portfolios to target asset allocations
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Helps ensure ongoing compliance with your investment policy
Trust Funds Accounting Database
Our proprietary database tracks all the trust funds and capital reserve funds for each municipal client.
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Developed for the exclusive purpose of serving New Hampshire Trustees of Trust Funds
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Calculates the average daily balance for each trust fund and capital reserve fund
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Accurately allocates income to each fund
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Accommodates mid-month transactions
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Produces principal and income accounting reports on demand
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Produces the MS-9 & MS-10 state reports
Custodian
• Fidelity Clearing & Custody Solutions® is a service provider to Three Bearings Fiduciary Advisors.
• Fidelity Clearing & Custody Solutions® provides clearing, custody, or other brokerage services to Three Bearings Fiduciary Advisors through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC.
• Working with Fidelity Clearing & Custody Solutions® gives Three Bearings Fiduciary Advisors access to a wide range of products and services that can help us serve the needs of our clients.
Fidelity Clearing & Custody Solutions® 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, bringing NFS assets under administration to more than $4 trillion.
• Through our relationship with Fidelity Clearing & Custody Solutions®, you will receive a simplified, consolidated statement each month reflecting all your investment positions and transactions in your Fidelity brokerage account.
• Accounts are carried by National Financial Services LLC, a Fidelity Investments company and a member of NYSE and SIPC.
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. 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 about 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 customer 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 Investments is an independent company, unaffiliated with Three Bearings Fiduciary Advisors. Fidelity Investments is a service provider to Three Bearings Fiduciary Advisors.
There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and Fidelity Investments, nor is such a relationship created or implied by the
information herein. Fidelity Investments has not been involved with the preparation of the content supplied by Three Bearings Fiduciary Advisors and does not guarantee, or assume any responsibility for, its content. Fidelity Investments is a registered trademark of FMR LLC.
Fidelity Clearing & Custody Solutions® provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC.
