MINNEAPOLIS (January 8, 2025) — RBC Clearing & Custody, leading provider of financial services technology, products, and operational services for broker-dealers and registered investment advisors (RIAs) in the U.S., announced today that it has been named the Winner of the ThinkAdvisor 2024 Luminaries Award for Innovation. The ThinkAdvisor Luminaries Awards redefine excellence in financial services, shining a spotlight on outstanding contributions from both organizations and individuals.
RBC Clearing & Custody received the award for the implementation of RBC Nexus, a platform designed in partnership with advisors and back-office staff that centralizes everything they need to efficiently service clients and manage their books of business.
“We’re honored to receive this prestigious award from ThinkAdvisor for the successful rollout of RBC Nexus,” said Noel Stave, Chief Technology Officer, RBC Clearing & Custody. “This revolutionary platform stands as our greatest innovative accomplishment to date and sets a new standard for custodial platforms in the investment management space.”
“Our cutting-edge RBC Nexus platform reflects the effective collaboration between our valued stakeholders and technology experts,” said Brett Thorne, President, RBC Clearing & Custody. “This award reinforces our dedication to transforming the advisor experience and highlights our commitment to being a leading institutional clearing partner.”
By setting a new standard for recognition based on remarkable achievements and innovation, the ThinkAdvisor 2024 Luminaries Awards program inspires the industry to reach greater heights of leadership, creativity, and community engagement. A panel of independent judges made up of distinguished industry professionals determined the 2024 winners, who were recognized at an awards ceremony at the Fontainebleau Las Vegas on December 11, 2024.
“The 2024 Luminaries Awards continue to push the boundaries of what excellence means in the financial services industry,” said Janet Levaux, editor-in-chief of ThinkAdvisor. “This year’s winners have not only demonstrated exceptional leadership and innovation but have also shown a deep commitment to making a positive impact on their communities and the industry at large. Their contributions are a testament to the dynamic and evolving nature of our business, and we are proud to highlight their achievements as examples for others to follow.”
About RBC Clearing & CustodyRBC Clearing & Custody provides clearing, custodian and execution services for independent broker-dealers and registered investment advisors. A leader in the U.S. brokerage industry since 1909 and a custody and clearing leader since 1979, RBC C&C specializes in delivering innovative technology, fiscal strength, world-class resources and attentive service to help financial services providers accomplish their business goals.
RBC Clearing & Custody is a division of RBC Capital Markets LLC, member NYSE/FINRA/SIPC, a wholly owned subsidiary of Royal Bank of Canada (RBC), one of the world’s largest and strongest banks. For more information, please visit https://www.rbcclearingandcustody.com/en-us/.
About ThinkAdvisorThinkAdvisor (ThinkAdvisor.com) provides financial advisors, registered investment advisors, and wealth managers with comprehensive coverage of the products, services, and information they need to guide their clients in making critical wealth, health, and life decisions. The website showcases advisors adapting and succeeding in new ways, translating the impact of industry regulation, dealmaking, and technology into digestible coverage, so advisors have more time to spend advising clients and running their businesses.
Media contactCaitlin Wilson, RBC Wealth Management, 612-210-6917, Caitlin.Wilson@rbc.com