With the recent headlines about Silicon Valley bank and others, we wanted to address any questions you may have about your accounts with us which are custodied at Pershing, LLC.

In this environment, we are reassured that your accounts are custodied where they are. The Bank of New York Mellon (BNY Mellon) is the parent company of Pershing, LLC and has navigated through its fair share of alternating waves of global economic hardship and stability since its founding in 1784 by Alexander Hamilton, among others. As a Global Systemically Important Bank (G-SIB), BNY Mellon adheres to the highest levels of capital and liquidity regulations.

We encourage you to explore additional details about the multiple ways in which your assets are safeguarded on Pershing’s website here. As always, don’t hesitate to reach out should you have any other questions.