Protection
Additionally, the custodian provides each client $149.5 million worth of protection for securities and $2 million of protection for cash through supplemental coverage provided by London insurers. In the event of a brokerage insolvency, a client may receive amounts due from the trustee in bankruptcy and then SIPC. Supplemental coverage is paid out after the trustee and
SIPC payouts and under such coverage each client is limited to a combined return of $152 million from a trustee, SIPC, and London insurers. The custodian’s supplemental coverage has an aggregate limit of $500 million over all customers. This policy provides coverage following brokerage insolvency and does not protect against loss in market value of the securities.
This security guarantee extends to the cash or shares of securities in your account.
In the event of unauthorized activity, we will reimburse you for the cash or shares of securities you lose.
We can promise this protection if you keep your account information secure, review your account frequently, and help us should your account be compromised.
Certificates of Deposit are FDIC insured, and securities are protected by SIPC.
SAFEGUARDING YOUR ACCOUNTS
Our custodian’s story is strong, over 5,700 full time employees, $710 Billion dollar assets, and 6.8 million funded accounts.
With our custodian, your money is with one of the world’s largest discount brokerage firms, with local branches nationwide. With that comes a commitment to both excellent client service and account information protection. While no security system is absolutely impenetrable, the custodian has made substantial investments in leading-edge security software, systems, and procedures—and is constantly reviewing, refining, and upgrading its infrastructure.
- Our custodian is a member of the Securities Investor Protection Corporation (SIPC). Securities in your account are protected up to $500,000, with a cash limit of $250,000.
- Your financial manager and custodian are both fully committed to protecting and growing your assets, because helping you pursue your financial goals is a top priority.
Our custodian is a member of the Securities Investor Protection Corporation (SIPC). Securities in your account are protected up to $500,000, with a cash limit of $250,000. (For details, please visit sipc.org.)
Additionally, the custodian provides each client $149.5 million worth of protection for securities and $2 million of protection for cash through supplemental coverage provided by London insurers. In the event of a brokerage insolvency, a client may receive amounts due from the trustee in bankruptcy and then SIPC. Supplemental coverage is paid out after the trustee and
SIPC payouts and under such coverage each client is limited to a combined return of $152 million from a trustee, SIPC, and London insurers. The custodian’s supplemental coverage has an aggregate limit of $500 million over all customers. This policy provides coverage following brokerage insolvency and does not protect against loss in market value of the securities.