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Coverage for cash and securities in protected client
accounts is provided from two sources. The Securities Investor
Protection Corporation (SIPC) protects customers of its members up to
$500,000 (including $250,000 for claims for cash). Additional
commercial coverage is provided at no charge through London
Underwriters (led by Lloyd’s of London Syndicate)
(“Lloyds”). Lloyd’s provides additional coverage
above SIPC limits for any missing securities or cash in client
brokerage accounts up to a firm aggregate limit of $1 billion
(including up to $1.9 million for cash per client). Neither coverage
protects against losses from change in the market values of
investments. For more information on SIPC coverage, please see the
explanatory brochure available at www.sipc.org.
Learn more.
To find out more
about how David A. Noyes & Company can help you build your
wealth, contact us today.
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