Account Protection


Your clients are protected in three ways:



1)  Securities Investor Protection Corporation (SIPC)-


SIPC Protection currently covers up to $500,000 per account (of which $100,000 may be in cash).  All client accounts that are similarly titled are combined for purposes of determining SIPC protection.  Union Capital Company is an SIPC member.


2)  Excess SIPC protection - 


Our clearing firm’s parent RBC Dain Raucher Inc. (“RBC Dain”) has purchased a Lloyd’s of London supplemental policy that provides coverage in excess of that offered by SIPC.  The Lloyd’s policy, combined with SIPC protection, provides total coverage of $100,000,000 per account ($1,000,000 of which may be in cash).


3)  Capital and financial strength of RBC Dain -


Our clearing firm’s parent RBC Dain’s significant capital reserves provides additional protection to your clients.  RBC Dain’s capital would need to be exhausted before SIPC and excess SIPC coverage is called upon.