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Insurance
We know that the safety of your assets is also one of your primary investment concerns. So we provide investors with
protection up to the total net equity of securities held and cash balances.
Coverage for cash and securities in protected client accounts is
provided from two sources. The first $500,000 (including $100,000 in cash) is covered by the
Securities Investor Protection Corporation
(SIPC), a non-profit organization established by Congress to protect investors against the financial failure of their brokerage firm.
The additional protection for the remaining cash and securities
in your account ("Excess SIPC") is provided to you at no cost
through our clearing agent, First Clearing Corporation.
The following types of securities are protected by SIPC and Excess SIPC coverage:
- Notes, stocks, bonds, and certificates of deposit (CDs)
- Money market funds organized as mutual funds
- Publicly registered investment contracts or certificates of participation or interest in profit sharing agreements or oil, gas, or mineral royalties/leases
- Warrants or rights to purchase, sell or subscribe to the aforementioned securities
- Cash balances (up to $100,000) maintained in an account for the purpose of purchasing securities.
SIPC and Excess SIPC coverage does not apply to unregistered investment contracts or any interests in gold, silver, or other commodities, commodity contracts, or commodity options.
While neither SIPC nor excess SIPC provide protection against losses in the market value of your assets due to market fluctuations, you can be confident that we are doing everything we can to give you peace of mind about the security of your investments.
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