Successful Wealth Management Through
 Personalized Financial & Retirement Planning

Office: 203.221.0202

Safety & Security

Your Assets Are Secure and You Retain Control

The absolute confidence of CFO clients in the safety and security of their assets is of paramount importance. Our clients always retain control of their accounts. CFO does not take custody of clients’ assets. All CFO brokerage accounts are independent and registered in the name of the client.

In addition to CFO being a Registered Investment Advisor with the United States Securities and Exchange Commission, CFO investor accounts are domiciled in third party brokerage accounts with Westport Resources Investment Services, Inc. (WRIS), a member of The Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). WRIS security transactions are cleared through Pershing, LLC.  Pershing is a registered broker-dealer, a member of the New York Stock Exchange, FINRA, SIPC and all other national security exchanges.

Pershing has over 75 years of Wall Street experience and currently has over $1 trillion in global client assets in custody. Pershing and its affiliates provide global financial business solutions to approximately 1,600 clients. Pershing is owned by The Bank of New York Mellon Corporation which is one of the world’s leading provider of securities services and a top global asset management firm with over $27.9 trillion in assets in custody and/or administration.

Pershing is a member of SIPC, which protects its member’s customer securities up to $500,000 (including $250,000 for claims for cash).  In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits from certain underwriters in Lloyd’s insurance market.  It provides the following protection for Pershing LLC’s global client assets:

  • An aggregate loss limit of $1 billion for eligible securities – over all client accounts
  • A per-client loss limit of $1.9 million for cash awaiting reinvestment – within the aggregate loss limit of $1 billion