E*TRADE Advisor Services provides safekeeping of your clients' assets under custody by managing, tracking, and holding securities.
E*TRADE Savings Bank (doing business as "E*TRADE Advisor Services") is FDIC insured.
The Federal Deposit Insurance Corporation (FDIC) is a US federal agency that insures cash deposits at FDIC-insured banks. The E*TRADE Cash Account Program provides FDIC insurance up to $500,000. These amounts include principal and accrued interest. (More detailed information regarding FDIC coverage is available at www.fdic.gov /deposit/covered/categories.html.
A “federal” savings bank is savings bank that is chartered under and regulated by United States federal law. Federal savings banks are regulated by the United States Department of Treasury’s Office of the Comptroller of the Currency (OCC). This oversight provides confidence that the cash placed in client accounts is protected.
E*TRADE Advisor Services always holds clients’ securities and other assets separate from our firm’s securities and assets. We do not borrow or loan our clients’ securities and segregated assets are protected against creditors' claims.
At E*TRADE Advisor Services, we are committed to data security. We invest in technology to keep your account information confidential and your assets secure.
We regularly monitor our systems and controls, and collaborate with government agencies, law enforcement and other financial services firms to address potential threats. In addition, we regularly review, update and modify our policies and procedures to respond to new threats and to adapt to changes in technology.