In addition to the SIPC protection available, Pershing provides excess account protection through Lloyds of London. What is excess account protection?
Through private arrangements between broker-dealers and insurance companies, most broker-dealers also provide additional account protection beyond SIPC, commonly known as “excess account protection.” This protection often varies among broker-dealers. In addition to SIPC’s existing coverage, Pershing provides coverage in excess of SIPC limits through Lloyd’s of London.
Related Questions
- In addition to the SIPC protection available, Pershing provides excess account protection through Lloyds of London. What is excess account protection?
- Does the excess account protection that Pershing purchases through Lloyds of London cover institutional clients in the United States?
- Are any account assets excluded from the excess account protection that Pershing provides through Lloyds of London?
