OUR CLIENT ASSET PROTECTION
Although Feldman, Ingardona & Co. is fully authorized under the SEC and FINRA regulations to serve as custodian for client assets, we have chosen to maintain our client accounts on a fully disclosed individual basis at National Financial Services LLC (NFS). Under this business arrangement, we are afforded the technology and products available from NFS while our clients receive the further benefits of their capital strength. All client assets are held at NFS and all checks, wire transfers and receipts and deliveries of securities are between the client and NFS.
NFS, a member of the New York Stock Exchange, is a wholly owned subsidiary of Fidelity Investments. Customer assets at Fidelity Investments total over $2.4 trillion. Currently, NFS serves over 188 brokerage firms nationwide under correspondent relationships similar to Feldman, Ingardona & Co. in addition to handling securities transactions for the Fidelity Group of mutual funds and the Fidelity Brokerage Investment service centers. Client accounts carried by NFS receive coverage of securities with no limit and $1.9 million coverage for cash awaiting investment, in excess of the $500,000, including $250,000 for claims for cash, provided in accordance with SIPC. Neither coverage protects against losses from a decline in the market value of investments.