Your Assurance of Safety
The Jerusalem Portfolio offers you access to a professionally managed Israeli focused investment strategy. While there is certainly volatility and risk involved in equity investing, you need certainty about the custodian, regulatory environment, and the technology powering your investment. That is why The Jerusalem Portfolio has partnered with Apex Clearing Corporation to securely custody and safeguard your investments. Your assets will be custodied right here in the United States by Apex Clearing, a Securities Investor Protection Corporation (SIPC) insured custodian. Apex Clearing works with other major online investment platforms, like Robinhood.
The Jerusalem Portfolio is a United States based company subject to FINRA and SEC regulations.
The Apex Clearing Asset Protection Guarantee
Apex Clearing is a member of SIPC, a non-profit, non-governmental corporation created under the Securities Investor Protection Act of 1970. It has helped investors dodge billions of dollars in potential losses. Tradier brokerage is also a member of the service. SIPC protects against the loss of cash or securities held by SIPC-member brokerage firms in the event of financial trouble or bankruptcy. Securities in your account are protected up to $500,000, which includes a $250,000 limit for cash. Your SIPC coverage protects most forms of securities such as notes, stocks, mutual funds, and also other investment company shares. However, SIPC does not provide coverage for commodity goods such as gold, commodity contracts, or options. In the event of a brokerage insolvency, the client may receive amounts due from the trustee in bankruptcy and SIPC; however, SIPC coverage is not a catch-all form of financial security, and it won’t cover for you in case of bad stockpiling or a recession. For more information on SIPC protections, please visit www.sipc.org
To continue to deliver risk-free services to its customers, Apex Clearing has purchased an insurance policy that helps them supplement SIPC protection. The following insurance protection is commonly referred to as an “excess SIPC.” This protection is made available to customers in the case where SIPC limits are exhausted. The additional insurance provides securities and cash up to an aggregate limit of around $150 million. This coverage is subject to excess SIPC coverage of up to $37.5 million for securities and $900,000 for cash*. The additional protection does not provide coverage for a loss in the market value of the securities or recession.
Apex Clearing is also a member of FINRA, the security industry’s self-regulatory body that oversees U.S. broker-dealers, promoting fair financial markets. Apex is also required under NASD rule 3230 and NYSE rule 382 to disclose the details of the clearing agreement of the firm. For more information on FINRA, please visit https://www.finra.org/.
As a client of the Jerusalem portfolio, you should rest assured that Apex Clearing is the custodian for our transactions. Apex Clearing Corporation provides its customers with even more additional coverage; Apex has also gone ahead to give its customers an FDIC coverage that is $250,000 per account holder and $250,000 for specific retirement accounts deposited at an insured bank. For joint accounts, FDIC covers $250,000 per owner. Individual retirement accounts and IRAs get an FDIC insurance coverage of $250,000, and such deposits include each bank.
|Who Uses Apex Clearing?*|
|Ally Invest Managed Portfolios|
FDIC, however, does not provide coverage for money invested in stocks, mutual funds, life insurance policies, annuities, or municipal securities. Apex can act as a deposit broker and can place deposits at FDIC insured banks on your behalf, and the FDIC insurance available at the bank automatically pass through to you.
For more details on security, please contact our office or Apex Clearing directly.
* As of August 2020; Subject to change. Please contact Apex Clearing for specific details on their current customer list and Excess SIPIC Insurance