SIPC and Additional Insurance Coverage
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). Explanatory brochure available upon request or at www.sipc.org.
Excess Coverage Maintained by Wells Fargo Clearing Services
Above and beyond SIPC coverage, Wells Fargo Clearing Services maintains additional insurance coverage through Lexington Insurance Company, an AIG Company (referred to here as “Lexington”).
For clients who have received the full SIPC payout limit, Wells Fargo Clearing Services’ policy with Lexington 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.
About Lexington Insurance Company
Lexington Insurance Company is the leading U.S.-based surplus lines insurer. For more information about Lexington, please visit lexingtoninsurance.com.
SIPC and Additional Insurance Coverage do not protect against losses from the rise and fall in the market value of investments, and does not cover all assets.