Asset Protection and Account Insurance

In an era when there is no greater commodity than trust, Sanders Morris Harris adheres to the highest ethical standards.

We are members of the Financial Industry Regulatory Authority, Inc. (FINRA) and regulated by the Securities and Exchange Commission (SEC). We maintain internal control and audit functions through which we monitor the Firm’s net capital levels and assets held in our client accounts. Our accounting records are audited annually by an independent accounting firm.

Client assets are held/custodianed at Pershing LLC, a BNY Mellon company. It is the industry’s largest global financial solutions provider. Pershing LLC has approximately $1.5 trillion in global client assets.

Their parent company, BNY Mellon, has nearly $30 trillion in assets under custody and/or administration. BNY Mellon’s balance sheet consistently shows strength, with ample assets, revenues and a healthy Tier 1 Capital Rating.

Sanders Morris Harris is a member of Securities Investor Protection Corporation (SIPC), which provides coverage for client accounts. SIPC protects securities customers of its members up to $500,0000. In addition, Pershing LLC provides client accounts with excess coverage through Lloyds of London of up to $1.9 million per client and up to $1 billion aggregate. You can learn more about Pershing LLC, BNY Mellon and the security of your assets below.

Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.  In order for cash to be covered by SIPC or supplemental SIPC, cash held in an account must be for the purpose of, or as a result of, securities transactions. Cash held in a securities account for the purpose of earning interest, which was not the result of a securities transaction, may not be covered by SIPC or supplemental SIPC.