You can rest assured that your money is secure.

Your deposits are held at Pershing®, a subsidiary of The Bank of New York Mellon (BNY Mellon). These financial organizations have a rich history in our country; in 1784 Alexander Hamilton founded and wrote The Bank of New York’s constitution; in 1939 Pershing & Company was founded and had founding partners who proudly served in WWII. Today, BNY Mellon is the Investments Company for the World, providing Pershing® and all its clients the backing and resources of a global leader.

BNY Mellon is recognized as one of 30 globally systemically important banks (G-SIB) in the world. This means it adheres to a higher level of liquidity and capitalization requirements along with stricter regulation. Its G-SIB status ensures that clients’ assets are backed by much more than just words.

Pershing Accounts

Pershing is a member of Securities Investor Protection Corporation (SIPC®). Securities in your account are protected up to $500,000. For details, please see sipc.org. In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits from certain underwriters in Lloyd's insurance market and other commercial insurers. The excess of SIPC coverage is valid through February 10, 2023.

For the specifics on protections and limitations, visit pershing.com/about/strength-and-stability.

Kovack Securities, Inc. & Kovack Advisors, Inc.

We are partnered with Kovack Securities, one of the top Brokerage firms in the country. Kovack Securities is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investors Protection Corporation (SIPC), Florida Securities Dealers Association (FSDA), and the Securities Industry Association (SIA).