Safeguarding Assets

THIRD PARTY CUSTODIANS
The assets we manage for you are held by a third-party custodian in your name. A third-party custodian might be a financial services firm such as Pershing LLC, Charles Schwab, or TD Ameritrade. The custodian maintains and safeguards your assets and executes the investment transactions that you direct. Your custodian also provides you with updates on the value of your assets. In addition to the consolidated reports you receive from Clear Perspective, you receive statements directly from the custodian confirming all transactions, from trades and wire transfers to any changes in how the account is registered.

Using third-party custodians seeks to minimize the exposure to risk and fraud because it establishes a secure check-and-balance relationship between Clear Perspective, the investment managers, and the third party custodian. In this relationship, we have no access to withdraw your money.

Through our affiliation with Pershing LLC, a BNY Mellon company and a leading global provider of financial business solutions for 70 years, Clear Perspective Advisors clients are aligned with an acknowledged industry leader in global brokerage execution and clearance. Assets held in custody by Pershing are protected by the Securities Investor Protection Corporation (SIPC®) for up to $500,000 in value, including $100,000 in cash awaiting reinvestment.

In addition, Pershing provides coverage in excess of SIPC limits through Lloyd’s of London. This includes an aggregate loss limit of $1 billion for eligible securities over all client accounts, with a per-client loss limit of $1.9 million for cash awaiting reinvestment within that aggregate loss limit. Please note that SIPC does not protect against losses caused by the rise and fall of the market.