Multi-Bank Securities, headquartered in Michigan, chose ADP Clearing to provide a full range of clearing and settlement services. The company chose ADP Clearing due to its financial stability and extensive product line.
"We were very impressed with ADP Clearingâs ability to meet our needs with such agility and flexibility," said Mike Drews, President, Multi-Bank Securities, Inc. "When we lost our clearing provider, ADP Clearingâs staff stepped in and seamlessly transitioned us to its platform in one week. The staffâs rapid response and turnaround time during a distressed period showed real dedication to their clients and secured our confidence in them. They really understand the institutional fixed-income side of the business and we are excited to work with such a committed organization."
Another key factor in choosing ADP Clearing was its gateway to an array of complementary business solutions. With such a comprehensive list of products and services, Multi-Bank Securities can now leverage its relationship with ADP Clearing to offer some of ADP Employer Servicesâ products, such as retirement plans and human resources services, to their credit union clientele.
"Providing prestigious clients, such as Multi-Bank Securities, with an industry leading brokerage platform to help them stay ahead of the competition solidifies our commitment to our clients and the correspondent clearing marketplace," commented Joe Barra, President, ADP Clearing. "We are excited to bring Multi-Bank Securities a business solution that will help them achieve their financial goals."