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SIPC
Protection
Securities and cash in client accounts held at our clearing firm First Clearing, LLC ("First Clearing")
have two sources of protection. First Clearing is a member of the Securities Investor Protection Corporation ("SIPC").
SIPC protects the clients of its member firms against the loss of their securities in the event of the member's insolvency
and liquidation. Each client is insured up to a maximum of $500,000 (including $100,000 for claims for cash).
For more information on SIPC coverage, please see the explanatory brochure at www.sipc.org or contact SIPC at
(202) 371-8300.
In addition, First Clearing maintains a program of additional protection. This additional insurance coverage is provided
through London Underwriters (led by Lloyd's of London Syndicate) ("Lloyd's"). For clients who have received the full SIPC
payout limit, First Clearing's policy with Lloyd's provides additional coverage above the SIPC limits for any missing
securities and cash in client brokerage accounts up to a First Clearing aggregate limit of $1 billion
(including up to $1.9 million for cash per client). SIPC and the additional protection do not insure the quality of
investments or protect against losses from fluctuating market value.
Householding
Enroll
in the Statement Linking Service and receive all of your
account statements in one envelope. Included is a summary
of portfolio values for all accounts in the same household.
You can link family member's account statements to yours
so that you can obtain a complete and accurate picture of
your households' financial picture. A common postal address
is required in order to link accounts. Please call your
Howe Barnes investment executive to take advantage of this
free service.
Howe Barnes Hoefer & Arnett, Inc. ©2006 All Rights Reserved.
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