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Who is RBC Correspondent Services

MedAx Capital uses Royal Bank of Canada’s Correspondent Services (RBC CS) as our clearing partner, responsible for the processing of our client transactions. RBC has a strong history in the clearing business, serving more than 150 broker-dealer clients since 1979. RBC Correspondent Services is a division of RBC Capital Markets, LLC, member of NYSE/FINRA/SIPC. RBC Capital Markets, LLC is owned by Royal Bank of Canada, which trades under the symbol “RY” on the New York Stock Exchange.

RBC employs nearly 80,000 full-and part time employees who serve more than 18 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 53 other countries- making it a respected leader in diversified financial services. Their financial strength, sound risk management policies, strong balance sheet, diversified business mix, and performance relative to its peers has been, and should be, a source of confidence for investors. RBC Correspondent Services is part of RBC’s U.S. Wealth Management business, which has a rich hundred-year history of serving the sophisticated wealth management needs of the world’s leading families and custodial services to broker-dealers is an important strategic priority of RBC.

What is Royal Bank of Canada’s Standing Among Its Peers in Global Financial Services?

Royal Bank of Canada is the sixth largest bank in North America and the 13th largest bank in the world in terms of market capitalization. Global Finance magazine rated RBC the safest bank in Canada (2019-2024) and the safest bank in the Americas (January 2022). In addition, RBC has been named one of the world’s top 100 sustainable companies for its efforts to do business in a sustainable and responsible manner.

Source: Bloomberg, October 16, 2019.
Global 100 list identifying companies that have the best developed abilities, relative to their industry peers, to manage environmental, social and governance risks and opportunities. The Global 100 list is compiled by the World Economic Forum in Davos, Switzerland. RBC has been named to this list every year from 2018-2025.

What Our Clients Says

C.Neff

CEO, Health & Wellness CO

“As a long-term client, I’ve been extremely impressed with Sean’s dedication and passion since the beginning of our relationship. Fresh ideas are always presented in an articulate and digestible manner. Most importantly, he’s knowledgeable and remarkably accessible.”*

Dr. Jaafar,

Pain Specialist, NYC

“I have been working with Sean and he is very easy to get a hold of and always there for me. He never makes me feel like I should not contact him for any reason even if it is a holiday or an off hour. He advises me on all my projects even if they are not related to investments I
am working on with him. I always feel I have a friend and advisor that is protecting my interests in everything.”*

T. Grimm,

CEO, Renewable Energy Co

“I met Sean many years ago and agreed to give him a shot. To his credit I am still a client. Sean is always available, which is helpful since I now live in Thailand, but most of the time he is the one calling me to give updates. Service second to none.”*

Dr. Silverberg

Surgeon, NYC

“I have been a client of Sean’s for many years. First and foremost, I have been extremely satisfied with my portfolio performance. In addition to satisfactory returns, I cannot say enough positive comments about Sean’s customer service, and the personal attention he gives me. He is always available for a phone call and always keeps his word on sending the research that I request, usually in less than an hour.”*

R. Clauss

Attorney, IA

“I am pleased and honored to comment on my relationship with Sean Murphy. His service has been outstanding, and he is readily accessible even on the weekends. He always returns calls regardless of if they are during office hours or after. His research supports every recommendation he has ever made to me. I feel very comfortable and confident in working with him.”*

B. Franklin

Private Investor, NY

“I have worked with Sean Murphy for several years and have experience with other money managers as well. Sean is the best. He is always available or, at least, quick to return my calls. He promotes investment ideas but does not push them. He has always listened to me and we trade ideas on investments and the market in general.”*

Let’s talk

We’d love to hear from you. Whether you’re an investor seeking innovative opportunities, a founder with a game-changing solution, or a professional looking to collaborate, MedAx Capital Group welcomes your inquiries.

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Contact Info

  • 212.548.6203
  • info@medaxcap.com
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*Past performance is no guarantee of future performance, and your experience may vary
COPYRIGHT © 2025 • MEDAX CAPITAL GROUP
SECURITIES OFFERED THROUGH ALEXANDER CAPITAL LP MEMBER FINRA/SIPC/MSRB CLIENT ACCOUNTS ARE CLEARED THROUGH RBC CORRESPONDENT SERVICES A DIVISION OF RBC CAPITAL MARKETS, LLC.

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