We protect your assets with proven technology, processes, and insurance. Keeping your account information secure is of primary importance. Below are a few of the precautions you should know about.
Cash deposits at our custodian, Folio Investments, Inc. are swept into their Bank Sweep Program and are insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency created by the U.S. Congress in 1933 to help maintain public confidence in the nation’s financial system. One of its primary duties is to insure deposits in banks and thrift institutions. The FDIC also examines and supervises member institutions. If you would like more information about FDIC insurance, visit www.fdic.gov or call the FDIC Consumer Hotline at 1-877-ASK-FDIC (1-877-275-3342).
Folio Investments also offers extended FDIC insurance for both principal and accrued interest for money held in the banks in their Sweep Program.
- Up to $3.0 million for individual accounts
- Up to $6.0 million for joint accounts under the same social security number (SSN)
The total balance in all retirement accounts and the total balance in non-retirement accounts are insured separately and are not aggregated together for purposes of insurance coverage calculations.SIPC And Supplemental Insurance
Folio Investments is a member of the Securities Investor Protection Corporation (SIPC). A brochure explaining the coverage provided by SIPC is available on SIPC’s website at www.sipc.org. In addition to SIPC coverage, Folio has purchased from underwriters at Lloyds of London supplemental customer securities insurance. Together those coverages provide a total aggregate limit of $50 million limited to a combined return of $10 million to any single customer. Neither SIPC nor the supplemental insurance coverage protect against losses resulting from a decline in the market value of securities.Website Protection
You create your own account username and password to securely log into folioclient.com. Folio Investments stores your password in encrypted form and their employees do not have access to them. When you contact them by phone, their customer service representatives will always ask for account verification information before providing you with assistance. Their customer service representatives will never ask you for your account password under any circumstances.Encryption
Folio Investments utilizes Secure Sockets Layer (SSL) encryption for all browser access to their web platform services to ensure that any data entered into their website is encrypted to and from the browser being used.