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Account Protection

The Opus Group has taken precautions to ensure the safety of our clients' assets. Below is a summary of the protections in place to safeguard your assets.

  1. Our introducing broker dealer's clearing relationship with RBC Capital Markets, LLC: When you open a brokerage account with The Opus Group your funds are held and safeguarded by RBC Capital Markets, LLC. RBC Capital Markets, LLC (RBC CM), is a wholly owned subsidiary of Royal Bank of Canada (RBC) (NYSE and TSX;RY). i Operating since 1869, Royal Bank of Canada has one of the highest credit ratings of any financial institution - Moody's Aa3, Standard and Poor's AA-, and Fitch AA. Global Finance Magazine named RBC best bank in North America (2013).

  2. RBC Capital Markets, LLC compliance with SEC requirements (Segregation of Assets): Segregation simply means your assets are kept separate from firm assets, and thus are protected from potential losses of the firm. RBC CM complies with SEC rules governing the separation of client assets from firm assets. By segregating your non-margin securities from firm securities – and keeping careful records of margin securities held “in street name” in your margin account – your assets would be readily identifiable in the unlikely event we needed to liquidate our firm. In addition, RBC CM fully complies with SEC rules requiring all broker-dealer firms to maintain sufficient net capital to ensure that you will get your cash and securities back in the unlikely event that our firm should fail. This net capital of RBC CM would be available to satisfy any customer claims.

  3. RBC Capital Markets, LLC membership with the Securities Investor Protection Corporation (SIPC): Since RBC CM is a member of SIPC – a nonprofit corporation funded by member securities broker-dealers – you are eligible for SIPC insurance protection. In the rare event that RBC CM were to become insolvent and by some unlikely sequence of events there were securities missing from your account, SIPC reserve funds would be available to satisfy your claims against the firm, up to $500,000 per client, including up to $250,000 in cash. ii

  4. Excess SIPC Protection: Beyond SIPC insurance, RBC CM has purchased an additional insurance policy from Lloyd's of London. This policy provides additional securities and cash protection up to $99.5 million per SIPC-qualified account (of which $900,000 may be cash). The firm's excess SIPC policy is subject to a maximum aggregate amount payable of $400 million. There has never been a claim paid by an excess SIPC carrier. According to the SIPC website (www.sipc.org), “no fewer than 99 percent of eligible investors get their investments back from SIPC.” Excess SIPC insurance is an additional layer of coverage in place for the statistically small chance that SIPC coverage would not be sufficient to settle claims.

Note: Neither SIPC protection, nor protection in excess of those offered by SIPC, covers a decline in the value of a client's assets to market loss. Additional information is available upon request or at www.sipc.org.

        i.            RBC Correspondent Services and RBC Advisor Services, divisions of RBC Capital Markets, LLC, member NYSE/FINRA/SIPC, provide custody services for accounts managed by your financial advisor. RBC CM is a wholly owned subsidiary of, and separate legal entity from, Royal Bank of Canada. Royal Bank of Canada does not guarantee any debts or obligations of RBC CM.

      ii.            Neither SIPC protection nor protection in excess of that provided by SIPC covers a decline in the value of your assets due to market loss. Additional information is available upon request or at www.sipc.org.

Advisory Services offered through Garden State Investment Advisory Services, LLC, a Registered Investment Advisor. All securities offered through Garden State Securities, Inc., Member FINRA/SIPC. Insurance products offered through Garden State Insurance Agency, Inc. For information regarding Garden State Investment Advisory Services, LLC, Garden State Securities, Inc. and Garden State Insurance Agency, Inc.including required disclosures, please visit the firm's website at gardenstatesecurities.com. Check the background of this firm on FINRA's Brokercheck.

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