The Search for Security
In the wake of recent volatility in the credit and stock markets, investors want to know whether their investments are in strong hands. Your HighTower advisor can give a simple and clear "yes" – backed by enterprise level partnerships with the major custody and clearing firms in the market today.
“The perceived dearth of high-quality advice, combined with consumers’ heightened anxieties around the financial risks they now face, has led to an unpleasant result for financial firms: Consumers’ perceptions of their retirement capabilities have actually declined for most channels…”
McKinsey, 2007
A Choice of Strong, Independent Custodians
HighTower is not bound by in-house or legacy custodial relationships. Our partnerships have been made based on your best interests. With that in mind, HighTower has chosen to work with reliable, secure and independent firms, among them Fidelity Investments, Charles Schwab & Co., Inc. and JPMorgan Clearing Corp. In addition, if you prefer, you have the option to leave your assets with another custodian.
An Important Consideration, Frequently Overlooked
Few firms discuss the custodial side of the business, frankly, because they like being their own custodian. Your investing capital goes into their investing pool. It is a little bit harder for you to take control of the wheel if you feel things are going awry. We use 3rd party custodians, which eliminates some serious conflicts of interest and brings yet another level of clarity.
With your investments in the hands of a 3rd party answerable only to you, you are always only a computer click away from your money.
HIGHTOWER CUSTODY & CLEARING
Additional Protection Through SIPC
HighTower custody partners are members of the Securities Investor Protection Corporation (SIPC) which provides coverage up to $500,000 for securities, including cash claims limited to $100,000. Securities in accounts carried by National Financial Services LLC ("NFS"), a Fidelity Investments company, are protected in accordance with the Securities Investor Protection Corporation ("SIPC") up to $500,000 (including up to $100,000 for cash awaiting reinvestment). NFS also has arranged for coverage above these limits. Neither coverage protects against a decline in the market value of securities, nor does either coverage extend to certain securities that are considered ineligible for coverage. For more details on SIPC, or to request a SIPC brochure, visit www.sipc.org, or call 202-371-8300.