Raymond James Provides Comprehensive Protection for the Assets You Entrust to Us.

The measures we take to ensure the highest standards of client security include account protection through the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC) and the Customer Asset Protection Company (CAPCO).

But we don’t stop there. Raymond James brings state-of-the-art information technology and strict compliance standards to help protect the security and integrity of your accounts.

How Raymond James Protects Your Accounts

What is SIPC?

The Securities Investor Protection Corporation (SIPC) is a quasi-governmental entity overseen by the U.S. Securities and Exchange Commission (SEC). SIPC generally insures SEC-registered securities to a maximum of $500,000, including $100,000 cash, per account.

What is CAPCO?

The Customer Asset Protection Company (CAPCO) was established in late 2003 by a coalition of financial services firms as a “captive insurer.” It was founded specifically to provide securities account protection for brokerage accounts of member securities firms over the maximum offered by SIPC.

FDIC Protection for Bank Deposits

Accounts held at Raymond James Bank (RJBank) are insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the United States government, established by Congress in 1933. FDIC insurance is backed by the full faith and credit of the U.S. government.

FDIC-covered bank deposit accounts include:

  • Checking accounts
  • Demand deposit accounts (DDAs)
  • Negotiable order of withdrawal (NOW) accounts
  • Money market deposit accounts (MMDAs) (Note: Money market funds held through Raymond James are considered to be securities and thus are protected by SIPC and excess SIPC coverage as applicable.)
  • Passbook and statement savings accounts
  • Time deposits, including certificates of deposit (CDs) held at Raymond James Bank
  • Official items such as:

– Money orders
– Interest checks
– Travelers checks
– Expense checks
– Official checks/cashier’s checks
– Loan disbursement checks

FDIC coverage extends to:

  • Single accounts, including deposit accounts held by a sole proprietorship
  • Individual retirement accounts (IRAs)
  • Joint accounts
  • Revocable trust accounts

In the unlikely event of insolvency, interest and principal for deposits held within a single legal ownership category are fully protected up to the FDIC’s $100,000 insurance limit per depositor ($250,000 for IRAs and certain other retirement accounts). You may qualify for more than $100,000 in coverage if you own deposit accounts in different ownership categories. Depositors with funds in excess of $100,000 may also receive a portion of their uninsured funds.

Deposits belonging to employee benefit plans such as pension plans and profit-sharing plans receive “pass-through insurance,” meaning that each participant’s identifiable interest in a deposit is insured up to $100,000.

For a pension or profit-sharing plan to receive pass-through insurance, the deposit account records must specifically indicate that an employee benefit plan owns the funds. Coverage for an employee benefit plan’s deposits is based on each participant’s share of the plan. Because plan participants normally have different interests in the plan, insurance coverage cannot be determined by simply multiplying the number of participants by $100,000.

For additional information about FDIC, please visit fdic.gov or call 877-275-3342. To calculate FDIC coverage of your accounts at member institutions, visit fdic.gov/edie.

As a federal savings bank, Raymond James Bank, member FDIC, is regulated and audited by the Department of the Treasury’s Office of Thrift Supervision.

For more about the Office of Thrift Supervision, please visit ots.gov or call 202-906-6000.

Brokerage Account Coverage Through the Securities Investor Protection Corporation (SIPC)

The Securities Investor Protection Corporation (SIPC), established as a nonprofit entity by Congress in 1970, safeguards client assets in the event of a member firm’s bankruptcy or insolvency.

SIPC protects the net equity of securities such as stocks, bonds, notes, options, certificates of deposit, money market funds, bonds, warrants and rights.

Raymond James & Associates is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $100,000 for claims for cash). SIPC coverage excludes securities not registered with the U.S. Securities and Exchange Commission under the Securities Act of 1933. Such securities include commodity futures contracts, investment contracts and fixed annuity contracts, currency, and precious metals.

Funded primarily by member contributions as well as by interest it earns from U.S. government securities, SIPC can also draw upon a $1 billion line of credit with a bank consortium and borrow up to another $1 billion from the U.S. Treasury.

For more details on SIPC, an explanatory brochure is available upon request or at sipc.org or by calling 202-371-8300.

CAPCO (Excess SIPC) Account Brokerage Account Coverage

In addition to SIPC coverage, Raymond James provides excess SIPC coverage through the Customer Asset Protection Company (CAPCO). This coverage extends to the net equity of all cash, money market funds and other securities positions for each separately registered account. Unlike SIPC, no predetermined limit on coverage exists. Instead, coverage reflects the value of your account(s) at the time of the broker dealer’s insolvency.

CAPCO was established in late 2003 by a coalition of financial services firms specifically to offer securities account protection for brokerage accounts of member securities firms in excess of the maximum offered by SIPC.

Like SIPC, CAPCO coverage applies to money market funds (considered to be securities) while money market accounts (considered to be deposit accounts) are typically insured by the FDIC.

More information on CAPCO is available at capcoexcess.com or through your financial advisor.

Securities Account Protection

Account coverage through FDIC, SIPC and excess SIPC represents just one way we protect your account.

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