Strength and Stability

Investors are generally concerned about where their money is being held and how stable those institutions are. At Axex Financial, we are pleased to have Royal Alliance Associates, Inc., as our Broker/Dealer and Pershing, LLC as our clearing, or custodial , firm. All products and services are offered through Royal Alliance and all funds are held at Pershing.

About Royal Alliance Associates

Royal Alliance is a wholly-owned subsidiary of Advisor Group the second-largest independent broker-dealer network based on gross revenue*, with total assets under management of $296.6 billion at the close of 2020.*

All of our securities products & services are offered through Royal Alliance Associates, Inc. Member FINRA/SIPC a registered broker dealer. All Advisory services are offered through Royal Alliance Associates, Inc., a Registered Investment Advisor.

Additional information regarding Royal Alliance Associates' strength and stability can be found on their website at:

*As reported by on July 14, 2021

About Pershing, LLC

All of our client accounts are held at Pershing, LLC the preeminent clearing firm for institutions, corporations, and individuals.

Pershing LLC has been a leading global provider of financial business solutions for over 70 years and serves many of the world’s most respected financial organizations, remaining committed to the safekeeping, servicing, segregation and reporting of assets held in custody.

Financial Strength—March 31, 2021
Pershing’s core financial strength provides the foremost measure of the protection of assets held in our custody. Our parent company, BNY Mellon, is a leading provider of financial services for institutions, corporations and high-net-worth individuals. Pershing’s financial strength does not protect against loss due to market fluctuation.


  • Over $2 Trillion in assets held in custody

BNY Mellon

  • $46.7 trillion in assets under custody and administration
  • $2.4 trillion in assets under management

Evaluation and Segregation of Assets
As required, Pershing segregates investor assets, which are fully paid-for, from its own assets. Therefore, in the unlikely event of the financial failure of Pershing, investors’ fully paid-for assets will remain separate from Pershing’s own assets.

SIPC® Coverage
Pershing is a member of the Securities Investor Protection Corporation (SIPC®). As a result, securities in client accounts are protected up to $500,000 (including a maximum of $250,000 for claims for uninvested cash awaiting reinvestment). For details, please see

Excess of SIPC Coverage Led by Lloyd’s of London

In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits from certain underwriters in Lloyd's insurance market and other commercial insurers. The excess of SIPC coverage is valid through February 10, 2023, for Pershing LLC accounts. 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

    Neither SIPC nor excess of SIPC coverage protects against loss due to market fluctuation of investments.

    Additional information regarding Pershing's strength and stability can be found on their website at:

    * Pershing’s excess of SIPC coverage is provided by Lloyd’s of London in conjunction with XL Specialty Insurance Co., Axis Specialty Europe Ltd., Great Lakes Reinsurance (UK) PLC and Ironshore Specialty Insurance Co.