AssetMark is a business partner that provides us with invaluable due diligence and research about the money managers and strategists that we entrust to manage portfolios for our clients. AssetMark is a publicly traded firm on the NYSE under the ticker AMK. AssetMark supports our relationships with our clients through:
Fidelity Clearing and Custody provides a comprehensive clearing and custody platform, brokerage services and trading capabilities for our client accounts. Fidelity has $3.0 trillion of assets under administration.
Securities in accounts at National financial Services LLC (NFS), a Fidelity Investments Company, are protected in accordance with the Securities Investor Protection Corporation (“SIPC”) up to $500,000. Excess SIPC coverage is provided by Fidelity for brokerage accounts through Lloyds’s of London, together with other insurers. Total aggregate excess SIPC coverage available NFS’s excess of SIPC policy is $1 billion . There is no per-account dollar limit on coverage of securities, but there is a per-account limit of $1.0 million on coverage of cash.
SIPC and Fidelity’s excess of SIPC policy do not protect against a decline in the market value of securities, nor does either coverage extend to certain securities that are considered ineligible for coverage. For more details on SIPC, or to request a SIPC brochure, visit www.sipc.org or call 202-371-8300.
We chose investment firms and managers to execute both the long-term strategy and purpose of your investment, as well as any short-term objectives of your strategy. These firms:
As our Broker Dealer, Grove Point Financial, provides us with world-class services including: