Are my investments insured?
No, investing in securities involves risk of loss that investors should be prepared to bear. No custodian insures against investment losses.
However, accounts held by Raymond James Bank, N.A. or in the Raymond James Bank Deposit Program are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC protects against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDI deposit insurance is backed by the full faith and credit of the United States government.
Raymond James has purchased excess Securities Investor Protection Corporation (SIPC) coverage through various syndicates of Lloyd’s a London-based firm. SIPC account protection applies when a SIPC-member firm fails financially and is unable to meet obligations to security clients, but does not protect against market fluctuations. The additional protection currently provided has an aggregate firm limit of $750 million, including a sub-limit of $1.9 million per customer for cash above basic SIPC for the wrongful abstraction of customer funds.
The basic FDIC deposit insurance coverage limits are: $250,00 for a single account with one owner; $250,000 per co-owner on joint accounts; and $250,000 per owner on IRAs and certain other retirement documents. These deposit insurance coverage limits refer to the total of all deposits that an account holder(s) has at each FDIC-insured bank. The above list shows only the most-common ownership categories that apply to individual and family deposits, and assume that all FDIC requirements are met.
If you have questions, please visit fdic.gov/deposit or call 877.275.3342.