Broker Check

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 Pershing and Bolton Global Capital 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.) up to an aggregate loss limit of $1 billion for eligible securities over all client accounts and a per-client loss limit of $1.9 million for cash awaiting reinvestment within the aggregate loss limit of $1 billion.

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.

Please refer to the following link for details on Pershing's account protection:

Pershing's 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. Please refer to Pershing at a Glance 2Q23 and for additional information.

Pershing’s parent company, The Bank of New York Mellon Corporation (BNY), is the oldest banking concern in the United States. BNY, member FINRA, NYSE, SIPC, is one of the world’s largest global custodians, has approximately $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management with locations across 6 continents in 30 countries.

Please refer to The Bank of New York Mellon’s website for current financial statements and reports.

Elm Tree Capital is not a subsidiary or division of BNY Mellon Corporation, Pershing LLC, or Bolton Global Capital / Bolton Global Asset Management and has no relationship to the said companies other than offering clearing and custody services provided by Pershing through Bolton Global Capital / Bolton Global Asset Management's Brokerage / Advisory channels, to customers on a fully disclosed basis.

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