All securities and cash balances held in your accounts are retained with a registered broker/dealer and other custodial institutions designated by you. Springwater does not take custody of your assets.
Springwater receives no commission or other financial benefit from any broker/dealer or other institution that may be used in connection with your accounts. The custodians that Springwater typically uses are Fidelity Investments and TD Ameritrade.
Securities in accounts with custodians are protected by the Securities Investor Protection Corporation up to $500,000 (including cash claims of $250,000). Fidelity and TD Ameritrade have arranged for additional insurance protection for cash and securities to supplement their SIPC coverage. Of course, neither coverage protects against a decline in the market value of securities.