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ADV Disclosure Brochure Supplement Bios 2024
Privacy Policy
Custodian
What is a custodian?
A custodian is a financial institution that has legal responsibility for a customer’s securities. Custodianship includes management as well as safekeeping, and this service incurs additional fees.
Our firm, like all investment managers, is required to have a custodian. Investments that you entrust to our firm are placed in custody with Fidelity’s clearing firm, National Financial Services LLC (NFS) — one of the largest clearing providers in the industry. A clearing firm is an organization that works with financial exchanges to handle the confirmation, delivery, and settlement of transactions.
When you’re selecting your financial advisor, considering who your advisor uses to custody your investments can be a critical factor, as this will help determine the level of service and support you can expect from your financial advisor.
How does our relationship with Fidelity benefit you?
AN EXPERIENCED, REPUTABLE FIRM HELPING TO PROTECT YOUR ASSETS AND PRIVACY
For more than 60 years, Fidelity has built a reputation of integrity and financial management expertise that gives our firm peace of mind. As a leader in the financial services field, Fidelity has a thorough understanding of the products and services we need to help best serve you, and how to deliver them to you in the most efficient and convenient ways. Furthermore, with Fidelity, we know we are working with a provider that will maintain the highest level of integrity in providing brokerage and custody services — along with privacy protection — for your assets.
ADDITIONAL PROTECTION FOR YOUR INVESTMENTS
Your assets are safeguarded because Fidelity has arranged for insurance protection beyond coverage through the Securities Investor Protection Corporation (SIPC). While your assets are covered by the SIPC up to $500,000, including cash claims limited to $250,000, Fidelity provides supplemental protection that covers your account over and above this SIPC coverage.
LONG-TERM VISION WITH YOU IN MIND
Because the firm is privately owned, Fidelity is able to make decisions based on long-term benefits — not short-term gains — for the investors it serves. For example, Fidelity reinvests a large portion of its profits in technology and services each year, which helps us enhance the products we offer you.