An investment firm’s most critical obligation is to ensure the highest level of safety for client assets.
Our client brokerage accounts are held by, and security transactions are handled by, Pershing, LLC, the world’s largest securities clearing firm. Pershing is an affiliate of BNY Mellon, the nation’s oldest bank, founded in 1784. Pershing is a member of the New York Stock Exchange and every other major U.S. securities exchange.
The Securities Investor Protection Corporation (SIPC®) provides account protection up to $500,000 in value, including $100,000 in cash awaiting reinvestment. SIPC provides protection for brokerage firms against losses should a SIPC member firm fail financially and become unable to meet obligations of its securities clients. More information about the protection of account assets through SIPC is available at www.sipc.org. Pershing and Bolton Global Capital are SIPC member firms. For additional security, Pershing provides coverage in excess of SIPC limits, see the following link for details: http://www.pershing.com/strength_stability.html.
Since 1939, Pershing has been a leading provider of financial business solutions focused on the segregation, safekeeping, servicing, and reporting of client assets in their custody. Please refer to Pershing’s Statement of Financial Condition for additional information.
Pershing’s parent company, BNY Mellon, has a capitalization of approximately $34 billion as of August, 2013, and holds $26.2 trillion in assets under custody and administration as of December 2012. Please refer to BNY Mellon’s website for current financial statements and reports.