Hello from Sycamore,
How Your Account with Sycamore is Insured?
With the recent failures of Bear Stearns and Lehman Brothers, we thought that this would be a good time to tell you about the protection that you already have for your accounts with Sycamore.
First, we feel it’s important for you to understand that Sycamore does not have custody of, or access to, any of your account assets. All account assets are held by our clearing broker, Southwest Securities.
Sycamore Financial Group and Southwest Securities are both members of SIPC (Securities Investors Protection Corporation). SIPC protects each customer against any shortage caused by the failure of Sycamore Financial or Southwest Securities up to $500,000 (including $100,000 in cash). Southwest Securities has purchased additional insurance to cover customers accounts up to an aggregate of $100,000,000.00.
Many of you own bank CD’s purchased through Sycamore and may be concerned about the solvency of the bank backing these CD’s. These investments are insured by FDIC the same as they would be if you entered a bank and made a like purchase.
We are confident that your accounts are safe, but want to be certain that you are confident as well. If you would like a SIPC brochure or simply would like to call and discuss the protection of your account, simply reply to this e-mail requesting a brochure.
As always, please feel free to contact us with any questions or thoughts.
Thanks for your business and trust,
Sycamore Financial Group
Past performance does not assure future results. Investors cannot invest directly in the stock market indexes such as the S&P 500. Invest return and principal value of an investment will fluctuate. Investor value, when sold, may be worth more or less than their original cost. The material in this presentation is for illustrative purposes and does not reflect any particular investment.