Order Routing Disclosure Data
Pursuant to Rule 606 adopted by the Securities and Exchange Commission, GFS is presenting certain information with respect to orders executed during the preceding quarter. You can obtain this information by accessing the following link: https://www.fisglobal.com/en/ptc/rule-606
There you will see the “Best Execution Order Routing” home page. At the bottom of the page you will see a field where you can enter the name of GFS’s clearing broker-dealer, Raymond James. Please scroll down on the drop-down menu and select “RAJA Raymond James & Associates”. Then you may choose the quarter for the order routing data for a given calendar quarter, either in .xml or .pdf format.
For Order Routing information where Pershing, LLC is the executing broker-dealer, please access the following link: . https://www.orderroutingdisclosure.com/ There, you will need to enter Global Financial Services, LLC (and, or, select the name from the drop-down menu). Ensure that you are making the request for desired calendar quarter and hit “Display”. Regarding the Order Routing statistics displayed, the following explanation should be considered:
GFS routes a percentage of its SEC 606-covered securities to its clearing broker, Pershing LLC, for routing and execution. GFS does not receive compensation for directing order flow to Pershing LLC. Pershing LLC receives compensation for directing a portion of the order flow. Pershing LLC’s affiliate, BNY Mellon Capital Markets, may act as principal when an order is routed to its market making desk.
Other Important Disclosures
- The Firm only transacts business in states where it is properly registered, or excluded or exempted from registration requirements.
- Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended and/or purchased by adviser), or product made reference to directly or indirectly on this Website, or indirectly via link to any unaffiliated third-party Website, will be profitable or equal to corresponding indicated performance levels.
- Different types of investment involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client’s investment portfolio. No client or prospective client should assume that any information presented and/or made available on this Website serves as the receipt of, or a substitute for personalized individual advice from the adviser or any other investment professional.
- For more information about the obligation of GFS to provide a Client Relationship Summary, go here: https://investor.gov/crs
Historical performance results for investment indexes and/or categories generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, the incurrence of which would have the effect of decreasing historical performance results.