Account Protection

We understand how important it is for you to feel confident that your assets are protected.  Through our relationship with Penson Financial Services, Inc. (the custodian of your account), assets in your Valet account are protected up to $150 million, including cash of up to $2 million.

Securities Investor Protection Corporation (SIPC) provides the first $500,000 of coverage including $100,000 for claims for cash.  Penson Financial Services, Inc. purchases an additional insurance policy through London Underwriters (with Lloyd’s of London Syndicates as the Lead Underwriter).  A $600 million aggregate limit applies as well, which is the most the London Underwriters will pay in the event of liquidation.  SIPC insures the assets held in brokerage accounts if the brokerage firm fails.  SIPC does not protect investors against investment decline or loss.

Please contact your Investment Representative for additional details.