Yes, all brokerage accounts are custodied by Pershing, LLC, a subsidiary of The Bank of New York Company, Inc. Member FINRA, NYSE, SIPC. Accounts are covered up to $500,000 and Pershing provides excess coverage through underwriters at Lloyd's of London. Neither SIPC protection nor the additional excess of SIPC insurance policy protects against loss due to market fluctuation of investments. An excess claim would only arise in the unlikely event that Pershing fails financially and client assets for a covered account cannot be located due to theft, misplacement, destruction, burglary, robbery, embezzlement, abstraction, failure to obtain or maintain possession or control of client securities, or to maintain the special reserve bank account required by applicable rules.