Our clearing firm and custodian is Axos Clearing LLC. It is a Member of the Securities Investor Protection Corporation - SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).
Axos Clearing’s policy through Lloyd’s of London provides additional account coverage up to $99.5 million (including up to $1,150,000 in cash) per client as defined by SIPC rules. With both SIPC and Lloyd’s of London coverage, accounts are protected up to a total of $100 million per client (as defined by SIPC rules) including up to $1,150,000 for cash balances, with an aggregate limit of $100 million.
This coverage does not protect against the loss of the market value of securities. SIPC does not protect against market risk, which is the risk inherent in a fluctuating market.