Protecting Your Assets

We protect your assets by having a third-party custody your accounts.

This means that all account activinty is monitored and in compliance with regulatory authorities.

Account statements, reports and tax documents are produced and sent to you by this thid party. This extra layer of protection is provided by RBC Clearing and Custody.

What and who is RBC Clearing & Custody?
RBC Clearing & Custody is a division of RBC Capital Markets, LLC, member NYSE/FINRA/SIPC. RBC Capital Markets, LLC, is a member of the NYSE, AMEX, CHX, CBOE and PSE and has execution capabilities on all principal exchanges. RBC Capital Markets, LLC is a wholly-owned indirect subsidiary of Royal Bank of Canada, which trades under the symbol RY on the New York Stock Exchange.

Firm's relationship with RBC Clearing & Custody
Higgins Capital Management, Inc. has a contractual agreement with RBC Clearing & Custody, a division of RBC Capital Markets, LLC, to serve as our clearing firm. This fully disclosed clearing agreement states the responsibilities of each party. Prior to the agreement becoming effective, RBC Clearing & Custody is responsible for making all disclosures to Higgins Capital Management, Inc.'s designated examining authority as required by FINRA Rule 4311.  Each client of Higgins Capital Management, Inc. is notified of the relationship via a disclosure letter. The disclosure letter details the responsibilities that Higgins Capital Management, Inc. (the introducing broker-dealer) and RBC Capital Markets, LLC (the clearing firm) have to the client. Although client assets are held by RBC Capital Markets, LLC, neither RBC Capital Markets, LLC, nor its parent company, Royal Bank of Canada, has responsibility for the financial condition or performance of Higgins Capital Management, Inc. or our financial professionals.

SIPC & additional coverage for client accounts
Our clearing firm, RBC Clearing & Custody, is a division of RBC Capital Markets, LLC. RBC Capital Markets, LLC, is a member of the Securities Investor Protection Corporation (SIPC). SIPC is a nonprofit membership corporation funded by its member security broker-dealers. SIPC protects the securities clients of its members in the event of the failure of a member firm. SIPC reimburses clients the cash value of their securities up to $500,000 per client.  Any lost cash in a client's account would be reimbursed by SIPC up to $250,000 (reducing the $500,000 above). 

RBC Capital Markets, LLC, purchases an additional policy that offers coverage in excess of the protection provided by SIPC. This coverage covers lost securities and cash protection up to $99.5 million per client, of which $900,000 may be in cash in addition to the SIPC limit. A $400 million aggregate limit applies to this additional coverage.

Note: Neither SIPC protection, nor protection in excess of that offered by SIPC, covers a decline in the value of a client’s assets due to market loss. Additional information is available upon request or at

Products & services available
Through our relationship with RBC Clearing & Custody, our clients have access to products and services that allow investment flexibility.[1][1] These products and services include the following:
•   An Investment Access® Account, which provides unlimited check writing; a Visa Platinum® Debit Card; electronic access for direct deposits, withdrawals and systematic investments; and convenient borrowing through marginable securities;
•   Fee-based options that provide access to professional money managers; numerous mutual fund investments in one easy-to-manage account; and an account that can contain stocks, mutual funds and other investments;
•   Retirement plan accounts that range from individual plans (traditional and Roth IRAs) to business retirement plans, such as 401(k) and SIMPLE plans;
•   Fixed-income products, including government, municipal, corporate and mortgaged-backed securities;
•   Thousands of mutual funds from the country's most prominent mutual fund families;
•   Comprehensive account statements with easy-to-read trade confirmations; and
•   An online tool for 24/7 access to client accounts that provides brokerage information, a daily market summary, company and mutual fund profiles, headline news, "most actives" on the market, quick charts, quotes — all the things needed to keep today's investor up-to-date.


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[1] Please contact your financial professional for further information about each of the products offered. Investments should not be made without reading the full disclosure on each product.

[1] The content of this page is for informational, internal use only by correspondent firms and their Financial Advisors, and must not be construed as investment advice, or an offer to buy or sell securities or any products or services mentioned. RBC Correspondent Services reserves the right to change the contents of this page, its policies and procedures, and individual program services and requirements without notice. Employees of correspondent firms are responsible for following their firm’s policies and procedures, including, but not limited to those pertaining to suitability and communications with the public.