Account Protection

Affinity Savings Union Securities Company, Member FINRA/SIPC, is an introducing broker-dealer and provides account protection through its clearing arrangement with Pershing LLC. Established in 1939, Pershing LLC is a wholly owned subsidiary of BNY Mellon — one of the world’s largest global custodians. Pershing custody provides account coverage, review, and segregation and control of assets.

Client assets are covered by the Securities Investor Protection Corporation (SIPC):

• • $500,000 of coverage, including $250,000 for claims for cash awaiting reinvestment.
  Pershing provides additional client account coverage through Lloyd’s and other commercial insurers for Pershing LLC’s global client assets:
• • An aggregate loss limit of $1 billion for eligible securities over all client accounts
• • A per-client loss limit of $1.9 million for cash awaiting reinvestment — within the aggregate loss limit of $1 billion

For more information on Pershing’s financial strength, click here.



The account protection applies when an SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from market fluctuation.