SIPC Protection
Client assets are held by Altruist Financial LLC, a member of the Securities Investor Protection Corporation (SIPC). Customers are afforded the benefits under the Securities Investor Protection Act of 1970. SIPC provides protection up to a $500,000 limit, of which $250,000 may be for cash balances. More information is available at www.sipc.org.
Additional Protection
In addition to SIPC protection, our custodian Altruist Financial LLC provides its brokerage customers coverage from Lloyd’s of London (www.lloyds.com) in excess of SIPC. Altruist Financial LLC carries an excess SIPC policy which extends the per account coverage by an additional $40 million (with a cash sub limit of $2 million), subject to an aggregate limit of $150 million across all Altruist accounts. Repurchase agreements, reverse repurchase and stock loan transactions, as well as certain mutual funds, may not be covered by the excess SIPC bond.
