Hennion & Walsh is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at www.sipc.org.

Excess Coverage Maintained by First Clearing

Above and beyond SIPC coverage, the Clearing Agent maintains additional insurance coverage through London Underwriters (led by Lloyd’s of London Syndicates), referred to here as “Lloyd’s.” For clients who have received the full SIPC payout limit, the Clearing Agents policy with Lloyd’s provides additional coverage above the SIPC limits for any missing securities and cash in client investment accounts up to a firm aggregate limit of $1 billion (including up to $1.9 million for cash per client). In other words, the aggregated amount of all client losses covered under this policy is subject to a limit of $1 billion with each client covered up to $1.9 million for cash. For more information about Lloyd’s, please visit https://www.lloyds.com/.

The Limits of SIPC and Lloyd’s Insurance Coverage

Please note that coverage provided by SIPC and Lloyd’s does not protect against the loss of market value of securities. All coverage is subject to the specific policy terms and conditions.