How Raymond James Protects your Accounts

Raymond James Provides Comprehensive Protection for the Assets You Entrust to Us.

The measures we take to ensure the highest standards of client security include account protection through the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC)
and the Customer Asset Protection Company (CAPCO).  But we don’t stop there. Raymond James brings state-of-the-art information technology and strict compliance standards to help protect the security and integrity of your accounts.

FDIC Protection for Bank Deposits

Accounts held at Raymond James Bank (RJBank) are insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the United States government, established by Congress in 1933. FDIC insurance is backed by the full faith and credit of the U.S. government.

FDIC-covered bank deposit accounts include:

  • Checking accounts
  • Demand deposit accounts (DDAs)
  • Negotiable order of withdrawal (NOW) accounts
  • Money market deposit accounts (MMDAs) Note: Money market funds held through Raymond James are considered to be securities and thus are protected by SIPC
    and excess SIPC coverage as applicable.)
  • Passbook and statement savings accounts
  • Time deposits, including certificates of deposit (CDs) held at Raymond James Bank
  • Official items such as: – Money orders,  Interest checks, Travelers checks, Expense checks, Official checks/cashier’s checks, Loan disbursement checks

FDIC coverage extends to:

  • Single accounts, including deposit accounts held by a sole proprietorship
  • Individual retirement accounts (IRAs)
  • Joint accounts
  • Revocable trust accounts
    In the unlikely event of insolvency, interest and principal for deposits held within a single legal ownership category are fully protected up to the FDIC’s $100,000 insurance limit per depositor ($250,000 for IRAs and certain other retirement accounts). You may qualify for more than $100,000 in coverage if you own deposit accounts in different ownership categories. Depositors with funds in excess of $100,000 may also receive a portion of their uninsured funds.

Deposits belonging to employee benefit plans such as pension plans and profit-sharing plans receive “pass-through insurance,” meaning that each participant’s identifiable interest in a deposit is insured up to $100,000.
For a pension or profit-sharing plan to receive pass-through insurance, the deposit account records must specifically indicate that an employee benefit plan owns the funds.

Coverage for an employee benefit plan’s deposits is based on each participant’s share of the plan. Because plan participants normally have different interests in the plan, insurance coverage cannot be determined by simply multiplying the number of participants by $100,000.

For additional information about FDIC, please visit or call 877-275-3342. To calculate FDIC coverage of your accounts at member institutions, visit

As a federal savings bank, Raymond James Bank, member FDIC, is regulated and audited by the Department of the Treasury’s Office of Thrift Supervision.
For more about the Office of Thrift Supervision, please visit or call 202-906-6000.

Brokerage Account Coverage Through the Securities Investor Protection Corporation (SIPC)

The Securities Investor Protection Corporation (SIPC), established as a nonprofit entity by Congress in 1970, safeguards client assets in the event of a member firm’s bankruptcy or insolvency. SIPC protects the net equity of securities such as stocks, bonds, notes, options, certificates of deposit, money market funds, bonds, warrants and rights.

Raymond James & Associates is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $100,000 for claims for cash). SIPC coverage excludes securities not registered with the U.S. Securities and Exchange Commission under the Securities Act of 1933. Such securities include commodity futures contracts, investment contracts and fixed annuity contracts, currency, and precious metals.

Funded primarily by member contributions as well as by interest it earns from U.S. government securities, SIPC can also draw upon a $1 billion line of credit with a bank consortium and borrow up to another $1 billion from the U.S. Treasury. For more details on SIPC, an explanatory brochure is available upon request or at or by calling 202-371-8300.

CAPCO (Excess SIPC) Account Brokerage Account Coverage

In addition to SIPC coverage, Raymond James provides excess SIPC coverage through the Customer Asset Protection Company (CAPCO). This coverage extends to the net equity of all cash, money market funds and other securities positions for each separately registered account. Unlike SIPC, no predetermined limit on coverage exists. Instead, coverage reflects the value of
your account(s) at the time of the broker dealer’s insolvency. CAPCO was established in late 2003 by a coalition of financial services firms specifically to offer securities account protection for brokerage accounts of member securities firms in excess of the maximum offered by SIPC.

Like SIPC, CAPCO coverage applies to money market funds (considered to be securities) while money market accounts (considered to be deposit accounts) are typically insured by the FDIC.

More information on CAPCO is available at or through your financial advisor.

Securities Account Protection

Account coverage through FDIC, SIPC and excess SIPC represents just one way we protect your account. Securities-Holding Practices.  For example, we adhere to state-of-the-industry securitiesholding practices, which means that Raymond James typically does not hold client securities. Most investors today do not take physical ownership of stock or bond certificates. Indeed,
relatively few companies and transfer agents even offer that option. Instead, most securities are held electronically in “street name.” If your account is custodied by Raymond James & Associates, street name registration means that we hold your securities in an account on your behalf.

This practice helps to ensure timely delivery when selling an investment and helps to avoid penalties when you purchase or sell a security. It also enables us to maintain your securities and report current positions and transactions to you on your monthly statement, accessible online. Interest and dividend payments go directly to your account and are credited in the manner you have specified.

Domestic securities are held through qualified Federal Reserve System members, primarily the Depository Trust Company (DTC), a subsidiary of the Depository Trust & Clearing Corporation (DTCC). The Depository Trust Company, established in 1973, is custodian of approximately 2.8 million securities issues. Securities issued outside the United States are held at major
foreign securities depositories or at local foreign banks that the
SEC has approved as custodians.

Although you may hold physical ownership of your securities certifications, or you may direct Raymond James to hold them in our vaults on your behalf, we do not recommend this course of action. Holding securities in your own name rather than in street name through DTCC delays settlement should you sell
your securities. That delay may in turn delay the distribution of your funds, since the certificate must be processed before the trade is cleared. Therefore, clients typically hold securities in street name.

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