Under FINRA Rule 6151, this broker-dealer adopts by reference the 606 routing reports of its clearing firm(s): WELLS FARGO CLEARING SERVICES, LLC. Under FINRA Rule 5310.09(c), introducing broker-dealers must independently examine execution quality and compare clearing firm routing against competing market centers.
CARY STREET PARTNERS (CRD #128089) — SEC Rule 606 Order Routing & FINRA Rule 5310.09 Execution Quality Report
Executive Best Execution & Order Routing Analysis
CARY STREET PARTNERS (CRD #128089) operates as an introducing broker-dealer adopting the SEC Rule 606 order routing disclosures of WELLS FARGO CLEARING SERVICES, LLC. Under FINRA Rule 5310.09(c), introducing firms that rely on clearing firm routing arrangements remain obligated to independently examine execution quality and compare results against competing market centers. In 2026Q2, non-directed customer order flow was routed primarily to Wells Fargo Securities (54.1%), Wolverine Execution Services, LLC (31.9%), Global Execution Brokers LP (25.5%).
During 2026Q2, the firm disclosed $0.00 in total net payment for order flow (PFOF) across market and marketable limit orders. While zero disclosed remuneration mitigates direct rebate conflicts, FINRA Rule 5310.09 nevertheless mandates regular and rigorous quarterly evaluation of whether routed order execution satisfies best execution obligations against alternative market centers.
Our mix-adjusted benchmark analysis flagged 0 material differences across the 144 Amended Rule 605 order size and security buckets where CARY STREET PARTNERS's routed execution trailed competing peer benchmarks by more than 1.0 basis points. Under FINRA Rule 5310.09, broker-dealers must conduct regular and rigorous committee reviews comparing execution quality achieved against competing market centers they do not route to. Each flagged competing-market difference requires documented supervisory disposition and committee review in the firm's permanent compliance records.
SEC Rule 606 Order Routing Summary
Disclosed non-directed customer order routing shares, total PFOF remuneration, and net rates by execution venue.
| Execution Venue | Route % | Disclosed PFOF (USD) | Net Rate (¢/100 sh) |
|---|---|---|---|
| Wells Fargo Securities | 54.1% | $0.00 | 0.00 ¢ |
| Wolverine Execution Services, LLC | 31.9% | $0.00 | 0.00 ¢ |
| Global Execution Brokers LP | 25.5% | $0.00 | 0.00 ¢ |
| CITADEL SECURITIES LLC (CDRG) | 24.6% | $0.00 | 0.00 ¢ |
| Virtu Americas, LLC (NITE) | 8.8% | $0.00 | 0.00 ¢ |
| UBS Securities, LLC | 6.7% | $0.00 | 0.00 ¢ |
| G1 Execution Services, LLC (ETMM) | 6.4% | $0.00 | 0.00 ¢ |
| Two Sigma Securities, LLC | 5.6% | $0.00 | 0.00 ¢ |
| Wells Fargo Clearing Services, LLC | 1.6% | $0.00 | 0.00 ¢ |
| GTS SECURITIES LLC | 0.9% | $0.00 | 0.00 ¢ |
| Jane Street Capital (JNST) | 0.7% | $0.00 | 0.00 ¢ |
| Interactive Brokers LLC | 0.0% | $0.00 | 0.00 ¢ |
| MCAP LLC | 0.0% | $0.00 | 0.00 ¢ |
Flagged Competing-Market Differences (0 Locked Buckets)
Scored execution buckets requiring committee evaluation and supervisory disposition under FINRA Rule 5310.09.
No locked exceptions detected in this review period.
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