We maintain relationships with both Southwest Securities Inc. and J.P. Morgan Clearing Corp. for clearing securities, which involves processing the physical delivery of securities and the monetary payments between buyers and sellers.

Southwest Securities, Inc. is a leading clearing agent and trade processor, providing services to more than 200 financial services firms nationwide. Southwest Securities, Inc. is the principal broker/dealer subsidiary of SWS Group, Inc. For the benefit of our customers, Southwest also maintains securities account protection in excess of SIPC limits. This additional protection covers the entire net equity of each account up to an aggregate of $100 million.

J.P. Morgan Clearing Corp. is a separately capitalized entity of J.P. Morgan Chase and Co. In addition to its own capital resources, J.P. Morgan Clearing Corp. maintains an “Excess SIPC Bond” issued by Customer Asset Protection Company that protects all accounts up to the value of the each account’s net equity.