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Securities Custody and Clearing
Custody, counterparty and settlement risks are significantly reduced by having an organization with substantial financial strength act as intermediary. Northern Capital Securities Corporation has a contractual agreement with RBC Dain Correspondent Services to serve as our clearing firm. RBC Dain Correspondent Services, is a wholly owned subsidiary of RBC Dain Rauscher, one of the nation's largest securities firms and is a member of the NYSE, AMEX, CHX, CBOE and PSE and has execution capabilities on all principal exchanges. RBC Dain Rauscher is backed by the financial strength of its parent company, Royal Bank of Canada, a leading international bank with more than US$400 billion in assets and one of the highest credit ratings of any financial institution.
 
Northern Capital's Relationship with  RBC Dain Correspondent Services - This document provides answers to some of the common questions such as what is RBC Dain CS, what is the firm's relationship with RBC Dain CS as well as providing information of SIPC and additional coverage available for client accounts. PDF (36.3KB)

Client Account Protection - In today’s rapidly changing financial markets, you want the safety provided by a strong partner. RBC Dain Correspondent Services provides the account protection you need. We view the safety and security of your accounts’ asset as our most important responsibility. PDF (115KB)

How SIPC Protects You - The Securities Investor Protection Act of 1970 (SIPA) is a complex and technical statute. This brochure provides a basic explanation of the Securities Investor Protection Corporation and SIPA.

 PDF (175KB)

Excess SIPC Coverage Frequently Asked Questions -  Due to changes in the excess SIPC market and the attention these changes have received, the following questions and answers are available to clarify RBC Dain Rauscher’s commitment to clients’ confidence and protection. PDF (12.3KB)

Northern Capital Securities Corporation and RBC Dain Rauscher are both members of the Securities Investor Protection Corporation. For more information on SIPC coverage, please visit the SIPC website.