Excess Account Protection

Excess of SIPC Coverage

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 Delta Equity are SIPC member firms.

In addition to SIPC protection, Pershing provides additional coverage from Lloyd’s of London in conjunction with other insurers. The excess of SIPC coverage provides protection for assets held in custody by Pershing (and its London-based affiliate, Pershing Securities Ltd.) for the amounts as noted in the Pershing Strength and Stability literature.

Neither SIPC nor excess of SIPC coverage protects against loss due to market fluctuation of investments. Pershing’s excess of SIPC coverage is provided by Lloyd’s of London in conjunction with XL Specialty Insurance Co., Axis Specialty Europe Ltd., Great Lakes Reinsurance (UK) PLC and Ironshore Specialty Insurance Co.

Pershing Strength and Stability

Since 1939, Pershing, member FINRA, NYSE, SIPC, has been a leading provider of financial business solutions focused on the segregation, safekeeping, servicing, and reporting of client assets in their custody (approximately $952 billion).  Please refer to Pershing’s Statement of Financial Condition for additional information.

Pershing’s parent company, The Bank of New York Mellon (BNY), member FINRA, NYSE, SIPC, is the oldest banking concern in the United States and was recently voted safest U.S. Bank, for the fourth year in a row, by Global Finance magazine (April 2012).  BNY has approximately $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management with locations across 6 continents in 36 countries and a worldwide staff of more than 47,800 employees.  Please refer to The Bank of New York Mellon’s website for current financial statements and reports.