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.
For additional security, Pershing provides coverage in excess of SIPC limits through Lloyd’s of London for assets held in custody up to an aggregate limit of $1 billion, of which $1.9 million may cover cash awaiting reinvestment at the individual account level.
Since 1939, Pershing has been a leading provider of financial business solutions focused on the segregation, safekeeping, servicing, and reporting of client assets intheir custody. Please refer to Pershing’s Statement of Financial Condition for additional information.
Pershing’s parent company, The Bank of New York Mellon, has a capitalization of approximately $32 billion as of December 10, 2008, and holds $22.4 trillion in assets under custody and administration. Please refer to The Bank of New York Mellon’s website for current financial statements and reports.