Info for Clients

Information for Clients

If you have an advisor who is affiliated with Equity Services, you may be wondering, who is Equity Services, Inc. (ESI) and what is a broker dealer?

 

The Role of a Broker Dealer

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Investment professionals rely on a partnership with a broker-dealer in order to help serve their clients. Just as hospitals provide the support structure physicians and surgeons need to practice medicine, broker-dealers also serve many important functions on behalf of financial practitioners and their clients. This is why it is imperative that investment professionals conduct their practices through an experienced broker-dealer such as Equity Services, Inc. (ESI).

For example, a broker-dealer provides a support staff and technology platforms to execute the recommendations an adviser and their client agree to implement. ESI provides access to the infrastructure to buy, sell, service and report on a vast array of investment solutions.

ESI has an outstanding team of dedicated professionals and has contracted with some of the nation’s largest and most reputable financial firms to carry out some of these critical functions.


Fee-Based Services

In addition to being registered as a broker-dealer, ESI is also a federally registered investment adviser called ESI Financial Advisors (EFA). EFA provides access to platforms and sponsors that offer fee-based account management, including ESI Illuminations, an advisory platform sponsored by ESI. ESI Illuminations includes a wide range of well-known money managers utilizing a wide range of investment philosophies. With fee-based products, EFA, its adviser representatives and third-party managers are paid a fee for managing the assets of clients, as opposed to charging a transactional commission.

ESI Illuminations is an advisory platform sponsored by Equity Services, Inc. (ESI) through an ongoing partnership with Envestnet | PMC. Envestnet | PMC is independent of ESI.


Experience & Technology

Many investors realize that the quality of life they’ll enjoy in the future is largely dependent on how they invest today.

An ESI investment professional can help guide you through the investment process and provide ongoing support in financial decisions. Your ESI investment professional can draw on resources made available through Equity Services to help evaluate, plan, execute and monitor the progress of your financial goals.

Investment professionals affiliated with ESI can also access a variety of sophisticated software tools that provide timely information, including web-based tools that:

  • Provide vital research and portfolio analytics
  • Keep you abreast of market changes and conditions
  • Provide support and ongoing management of finances
  • Provide a “snapshot” of your retirement preparedness and aid in directing your next steps

Available Solutions

Backed by an extensive product line and industry recognized experts, ESI Investment professionals have the tools needed to help you invest effectively. Our investment products, selected to fit your approach, include:

  • Asset management programs
  • Variable annuity & variable life products1
  • Mutual funds1
  • Alternative investment programs2
  • Adviser 529 plans
  • Stocks & bonds
  • FDIC insured structured CDs3

Wealthscape Investor® - 24/7 Access

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Wealthscape Investor App With Mobile Check Deposit

At ESI, we know that in today’s fast-paced world having access to your investments – anytime, anywhere – is crucial. With Wealthscape Investor, you have 24/7 access to critical information and functionality. Please discuss functionality details with your advisor.

  • Online mutual fund and equity trading
  • Check your order status and trade history
  • Access easy-to-read consolidated statements account correspondence, and tax documents
  • Online trade confirmations (archived for 90 days)
  • View and update cost basis information4
  • Free quotes and daily mutual fund prices
  • Market news and equity research reports
  • Electronic delivery option

A Strong, Secure Partnership
Fidelity Clearing & Custody Solutions - An industry leader

ESI’s clearing firm, Fidelity Clearing & Custody Solutions, processes all of ESI’s brokerage business including establishing new accounts, cashiering functions and other account maintenance. For clients who hold their assets in our brokerage accounts, Fidelity Clearing & Custody Solutions provides monthly or quarterly statements which report on all of the activity during the timeframe. They handle banking functions such as the payment and clearing of checks and debit card transactions. Also, Fidelity Clearing & Custody Solutions is responsible for tax reporting to the IRS and the generation of 1099s and other important tax documents.


Investor Protection

ESI Brokerage accounts which are held by Fidelity Clearing & Custody Solutions are protected in accordance with the Securities Investor Protection Corporation (“SIPC”) up to $500,000 (including up to $100,000 for cash awaiting reinvestment). Fidelity Clearing & Custody Solutions 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 on SIPC, or to request a SIPC brochure, visit www.sipc.org or call 202-371-8300.


 

 

ESI Illuminations is an advisory platform sponsored by Equity Services, Inc. (ESI) through an ongoing partnership with Envestnet | PMC. Envestnet | PMC is independent of ESI.

1 Variable Annuities, Variable Life and Mutual Funds are sold my prospectus. For more complete information, please request a prospectus from your registered representative. Please read it and consider carefully the product’s objectives, risks, charges and expenses before you invest or send money. The prospectus contains this and other information about the investment companies.

2 Alternative Investments are generally illiquid, and the estimated value may not be realized when the investor seeks to liquidate the security.

3 Structured CDs may not be suitable for all investors and are sold only by prospectus. Prior to investing, investors should carefully read the prospectus and pricing supplement which contains a detailed explanation of risks, tax treatment, and other relevant information about the investment.

4 Cost basis information is provided solely as a courtesy service. Neither ESI nor NFS guarantees that the information provided is entirely sufficient or accurate for tax reporting purposes, and are not liable for your reliance on, and use of such information. None of the entities referenced offer tax or legal advice. For advice concerning your own situation, please consult with a qualified professional advisor.

All entities referenced are independent of Fidelity Clearing & Custody Solutions

 

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