Clearance & Custody

FCG Advisors, LLC is a registered broker-dealer, a member of the Financial Industry Regulatory Authority (FINRA), Security Investors Protection Corporation (SIPC), and Municipal Securities Rulemaking Board (MSRB).

Under a contractual agreement, National Financial Services, LLC (NFS) and Institutional Wealth Management Services (IWS), two wholly owned and guaranteed subsidiaries of Fidelity Investments, and Schwab Advisor Services (SAS) (collectively as "Custodians") act in the capacity of our clearing and/or custodian firms. As such, FCG's Custodians maintain custody of all securities and funds managed by FCG Advisors, LLC. Confirmations and monthly or quarterly statements will be prepared by our Custodian and each name will be properly disclosed on each. Delaware Trust will act as custodian for clients utilizing SAR-SEP IRA prototypes (NFS & IWS only).

In addition to custodial duties, NFS, IWS and SAS also perform centralized cashiering, bookkeeping and a variety of execution functions for the accounts serviced by FCG Advisors, LLC. Specifically, these functions include delivery and receipt of securities, reception and distribution of dividends, distribution and processing of exchange offers, rights, warrants, tenders and redemptions.

For more information on National Financial Services, LLC and Institutional Wealth Management Services (IWS) please click here: www.nationalfinancial.com or www.fiws.fidelity.com. For more information on Schwab Advisor Services (SAS) please click here: www.advisorservices.schwab.com.

Securities in accounts carried by National Financial Services, LLC (NFS) and Institutional Wealth Management Services (IWS) (together as "Custodian"), two wholly owned and guaranteed subsidiaries of Fidelity Investments, are protected in accordance with the Securities Investor Protection Corporation ("SIPC") up to $500,000. The $500,000 total amount of SIPC protection is inclusive of up to $250,000 protection for claims for cash, subject to periodic adjustments for inflation in accordance with terms of the SIPC statute and approval by SIPC's Board of Directors. NFS also has arranged for coverage above these limits. Neither coverage protects against a decline in the market value of securities, nor does either coverage extend to certain securities that are considered ineligible for coverage. For more details on SIPC, or to request an SIPC brochure, visit www.sipc.org or call 202.371.8300.

"Excess of SIPC" Coverage
In addition to SIPC protection, NFS provides for brokerage accounts additional "excess of SIPC" coverage from Lloyd's of London together with other insurers.

The "excess of SIPC" coverage would only be used when SIPC coverage is exhausted. Like SIPC protection, "excess of SIPC" protection does not cover investment losses in customer accounts due to market fluctuation. It also does not cover other claims for losses incurred while broker-dealers remain in business. Total aggregate "excess of SIPC" coverage available through NFS's "excess of SIPC" policy is $1 billion. Within NFS's "excess of SIPC" coverage, there is no per account dollar limit on coverage of securities, but there is a per account limit of $1.9 million on coverage of cash. This is the maximum "excess of SIPC" protection currently available in the brokerage industry.

Lloyd's of London currently has an A (Excellent) rating with "Stable Outlook" from ratings firm A.M. Best and an A+ (Strong) with "Stable Outlook" from Fitch Ratings and Standard & Poor's.

One Main Street Suite 202
Chatham, NJ 07928
Phone: 973-635-7374
Fax: 973-701-1780
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