31 Willow Street | Mystic, CT 06355
P: 860-245-5078 | F: 866-439-0578

Investment Protection




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For our Asset Management clients, we assist our clients in opening accounts at the brokerage firm TradePMR, who utilize First Clearing Corp. (FCC) as their custodian and clearing agent.

TradePMR and their clearing firm FCC are members of the Securities Investor Protection Corporation (SIPC). As such, their clients’ accounts are protected up to a maximum of $500,000 per client, including up to $100,000 in cash balances.

 

Above and beyond SIPC coverage, First Clearing maintains additional insurance coverage provided through London Underwriters (led by Lloyd’s of London Syndicate) (“Lloyd’s”).  For clients who have received the full SIPC payout limits for any missing securities and cash in client investment accounts, up to a clearing-firm aggregate limit of $1 billion (including up to $1.9 million for cash per client).  In other words, the aggregate amount of all client losses covered under this policy are subject to a limit of $1 billion, with each client covered up to $1.9 million for cash.

SIPC protection covers more than one account in which you have an interest, provided you are acting in different capacities for each account. (For instance, coverage would apply on an individual account and also a joint account with a spouse.) SIPC does not protect against a decline in market value of securities in your brokerage account.

For additional information, please see the SIPC web site at www.sipc.org.