Routing of Customers Orders

RIM Securities, City National Rochdale’s broker/dealer, is committed to providing the best execution for your orders.  When determining where to send orders for a client’s account, we take a number of factors into consideration, including:  execution price and opportunity for price improvement, order size, speed and accuracy of the execution, the availability of efficient and reliable order handling systems, the level of service provided, and the cost of executing orders at a particular market center.  These factors are a “cost” of investing that can influence portfolio returns beyond the stated commission rate.

In conformance with SEC Rule 606 (formerly SEC 11Ac1-6), RIM Securities makes available quarterly reports that provide a general overview of order routing practices.  To obtain reports for previous quarters please contact us at info@cnr.com or 1-800-245-9488.  

March 31, 2018

RIM Securities has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make publicly available quarterly reports on their order routing practices. The report provides information on the routing of "non-directed orders" - any order that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, RIM Securities has selected the execution venue on behalf of its customers.

The report is divided into four sections: one for securities listed on the New York Stock Exchange, one for securities listed on The Nasdaq Stock Market, one for securities listed on the American Stock Exchange or regional exchanges, and one for exchange-listed options. For each section, this report identifies the venues most often selected by RIM Securities, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects, if any, of RIM Securities’ relationship with the venues.

Securities Listed on the New York Stock Exchange

Summary Statistics:

Non-directed orders as a percentage of total customer orders - 100%

Market orders as a percentage of total non-directed orders - 99.94%

Limit orders as a percentage of total non-directed orders - 0.06%

Other orders as a percentage of total non-directed orders - 0.00%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

PERSHING, LLC - 100%

Information Concerning Significant Venues:                                                       

PERSHING, LLC

Types of Orders Routed to Venue:

Market orders as percentage of total market orders - 100%

Limit orders as percentage of total limit orders - 100%

Other orders as percentage of total other orders - 0.00%

Material Aspects of Relationship with Venue:

RIM Securities has a fully disclosed clearing relationship with Pershing and will route most orders to Pershing for execution.  After receiving an order from RIM Securities, Pershing may, in turn, route the order to another venue.  Information regarding Pershing's order routing can be found by linking to www.routingdisclosure.com and typing "Pershing LLC".

Securities Listed on the NASDAQ Stock Market

Summary Statistics:

Non-directed orders as a percentage of total customer orders - 100%

Market orders as a percentage of total non-directed orders - 99.86%

Limit orders as a percentage of total non-directed orders - 0.14%

Other orders as a percentage of total non-directed orders - 0.00%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

PERSHING, LLC - 100%

Information Concerning Significant Venues:                                                       

PERSHING, LLC

Types of Orders Routed to Venue:

Market orders as percentage of total market orders - 100%

Limit orders as percentage of total limit orders - 100%

Other orders as percentage of total other orders - 0.00%

Material Aspects of Relationship with Venue:

RIM Securities has a fully disclosed clearing relationship with Pershing and will route orders to Pershing for execution.  After receiving an order from RIM Securities, Pershing may, in turn, route the order to another venue.  Information regarding Pershing’s order routing can be found by linking to www.routingdisclosure.com and typing in “Pershing LLC”.   

Securities Listed on American Stock Exchange or Regional Stock Exchanges

Summary Statistics:

Non-directed orders as a percentage of total customer orders - 100%

Market orders as a percentage of total non-directed orders - 100%

Limit orders as a percentage of total non-directed orders - 0.00%

Other orders as a percentage of total non-directed orders - 0.00%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

PERSHING, LLC - 100%

Information Concerning Significant Venues:                                                       

PERSHING, LLC

Types of Orders Routed to Venue:

Market orders as percentage of total market orders - 100%

Limit orders as percentage of total limit orders - 0.00%

Other orders as percentage of total other orders - 0.00%

Material Aspects of Relationship with Venue:

RIM Securities has a fully disclosed clearing relationship with Pershing and will route orders to Pershing for execution. After receiving an order from RIM Securities, Pershing may, in turn, route the order to another venue.  Information regarding Pershing’s order routing can be found by linking to www.routingdisclosure.com and typing in “Pershing LLC”. 

Exchange-Listed Options

Summary Statistics:

Non-directed orders as a percentage of total customer orders - 100%

Market orders as a percentage of total non-directed orders - 17.78%

Limit orders as a percentage of total non-directed orders - 82.22%

Other orders as a percentage of total non-directed orders - 0.00%

Venues Receiving Significant Percentage of Total Non-Directed Orders:

PERSHING, LLC - 100%

Information Concerning Significant Venues:

PERSHING, LLC                                                     

Types of Orders Routed to Venue:

Market orders as percentage of total market orders - 100%

Limit orders as percentage of total limit order - 100%

Other orders as percentage of total other orders - 0.00%

Material Aspects of Relationship with Venue:

RIM Securities has a fully disclosed clearing relationship with Pershing and routes orders to Pershing for execution.  After receiving an order from RIM Securities, Pershing may, in turn, route the order to another venue.  Information regarding Pershing’s order routing can be found by linking to www.routingdisclosure.com and typing in “Pershing LLC”.