Sigma Financial And Sammons Securities Consolidate Nearly $4b In Assets Onto Fidelity’s Custody And Clearing Platform

Selection Based on Fidelity’s Advanced Technology Platform and Service Focus

BOSTON -- Fidelity Investments® (Fidelity) today announced it has been selected as the sole clearing and custody provider for Sigma Financial Corporation and Sammons Securities Company, LLC, including the affiliated registered investment advisor, Sigma Planning Corporation (Sigma and Sammons).

With 1,100 representatives providing both fee- and commission-based services, the independent brokerage and advisory firms have consolidated nearly $4 billion in assets onto Fidelity’s correspondent clearing and registered investment advisor (RIA) custody platform.

Sigma and Sammons’ consolidation of assets with Fidelity entails a new, exclusive correspondent clearing relationship and includes the conversion of additional managed account assets onto the RIA custody platform.

“Consolidating operations onto the Fidelity platform will help us create even greater business efficiencies and increase the breadth of our brokerage and advisory offerings,” said Anthony Bacarella, executive management and director of case planning, Sigma Financial Corporation. “Following a rigorous due diligence process, it was clear to us that no other custodian could offer us the same level of technology, resources and support to help us continue to build a thriving practice.”

The Fidelity technology platform is designed to meet the varying needs of a diverse set of financial professionals, including registered investment advisors, broker/dealer home offices and financial advisors and professionals who work in family offices managing investments for ultra-high-net worth families.

“In addition to its technology platform, we were impressed with Fidelity’s consultative approach to handling both our fee -and commission-based business,” said Jerry Blair, vice president, chief marketing officer, Sammons Securities Company, LLC. “This enables us to provide an even higher level of service and support for our independent representatives and advisors who, in turn, can more effectively serve their investor clients.”

Unlike other financial solutions, the Fidelity platform delivers proprietary trading and operational tools (e.g., trading, reporting, account opening) that are tightly integrated with commonly used third-party applications (e.g., CRM, portfolio management, financial planning).

“We are committed to delivering the most advanced technology innovations in the industry to help support the significant growth of clients like Sigma and Sammons,” said Sanjiv Mirchandani, president, Fidelity’s clearing and custody company, National Financial. “Sigma and Sammons is truly an industry leader, and we look forward to many successful years of collaboration with them.”

Fidelity offers a range of options for independence for financial advisors -- from starting a registered investment advisor (RIA) or independent broker-dealer (IBD) firm to joining an existing firm. Additional tools and educational resources are available at

About Fidelity Investments
Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $3.7 trillion, including managed assets of $1.6 trillion, as of April 30, 2012. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit

Fidelity, Fidelity Investments, Fidelity Investments and the Pyramid Design logo, National Financial Streetscape and Fidelity Institutional Wealth Services WealthCentral are registered service marks of FMR LLC.

Clearing, custody or other brokerage services may be provided by National Financial Services LLC, 200 Seaport Boulevard, Boston, MA 02210 or Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield, RI 02917, Members NYSE, SIPC.

The third party service providers listed are independent companies and are not affiliated with Fidelity Investments. Listing them does not suggest a recommendation or endorsement by Fidelity.

Sigma Financial Corporation and Sammons Securities Company, LLC are clients of Fidelity Investments. Their business needs and results may not reflect the experience of other Fidelity clients.


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