Custody of Client Assets - Our Investment Custodian

 

What is a Custodian?

A custodian is a financial institution that has certain regulatory responsibilities for assets in a customer’s investment account. As a registered investment adviser, OverShare Advice and Planning, LLC is required to have a custodian. Investments that you entrust to us are placed in custody with TD Ameritrade Institutional — one of the largest clearing providers in the industry. A clearing firm is an organization that, among other things, handles the execution, clearance, and settlement of transactions.

 

 

 

TD Ameritrade Institutional
TD Ameritrade Institutional is a provider of comprehensive 

brokerage and custody services to over 4,000 fee-based independent Registered Investment Advisors (

RIAs) and their clients. They deliver smart operational solutions, 

innovative technology, customized practice management and flexible investment solutions, all with one goal in mind—impeccable service.

 

As your investment advisory firm, when we make decisions about your money we research all aspects and processes involved with your investment accounts. We have taken this same approach when choosing a custodian. This is why we have selected TD Ameritrade Institutional.

 

They offer access to a variety of investment securities from equities, bonds, certificates of deposit, exchanged-traded funds, options, non-proprietary mutual funds, and more to diversify your portfolio and investment accounts. Our Client Families gain online access to all investment accounts, account statements and reports held at TD Ameritrade Institutional managed by OverShare Advice and Planning, LLC - https://www.advisorclient.com/  

 

 

TD Ameritrade Institutional keeps track of your transactions, including realized and unrealized capital gains and losses. Month or at least quarter you will receive a simplified, consolidated statement that reflects all your investment positions and transactions in your TD Ameritrade account. At the end of the year, you will receive one 1099 tax form and a summary statement.

Account Protection

 

SIPC protection

TD Ameritrade, Inc. is a member of the Securities Investor Protection Corporation(SIPC).

Securities in your account protected up to $500,000, which includes a
$250,000 limit for cash. For details, please see www.sipc.org.

Additionally, TD Ameritrade provides each client $149.5 million worth of protection for securities and $2 million of protection for cash through supplemental coverage provided by London insurers.

In the event of a brokerage insolvency, a client may receive amounts due from the trustee in bankruptcy and then SIPC. Supplemental coverage is paid out after the trustee and SIPC payouts and under such coverage each client is limited to a combined return of $152 million from a trustee, SIPC, and London insurers. The TD Ameritrade supplemental coverage has an aggregate limit of $500 million over all customers.

This policy provides coverage following brokerage insolvency and does not protect against loss in market value of the securities.

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