Are Your Securities in a Safe Place?

Did you know that replacing lost, stolen, or destroyed certificates is complicated and costly. The process of restoring certificates involves an affidavit and an indemnity bond, and results in a considerable wait period.

Why Not Hold Your Securities in Your Brokerage Account?

We realize that you may like the feeling of tangible ownership. For many reasons, however, we recommend "street name" registration, which allows your financial organization to hold securities in your brokerage account on your behalf.

What are the Benefits of Holding Securities in Your brokerage Account?

By holding securities in your brokerage account, you can take advantage of the following benefits:

Consolidation-- You will receive a comprehensive statement reflecting all of the positions and activities in your account.

Convenience-- Dividends, interest, and bond redemption proceeds for domestic securities will be credited to your account on schedules payment dates, and you can arrange to receive these proceeds automatically and on a regular basis. Your portfolio will also be monitored for possible early redemptions, tender offers, mergers, name changes, and other corporate actions.

Safety-- All of our client accounts are insured by the Securities Investment Protection Corporation (SIPC). Additional insurance protection is provided by Pershing, LLC through Lloyds of London to offer coverage up to an overall aggregate level of $1 billion for assets in custody at Pershing including $1.9 million in cash awaiting reinvestment at the individual account level. The protection applies when SIPC member firms fail financially and are unable to meet the obligations to securities customers, but does not protect against losses arising from changes in the market value of investments.

Simplicity- Selling your securities is as simple as telephoning your Cheevers, Hand and Angeline, Inc. investment professional. There is no inconvenience or delay in locating and delivering your securities when they are held in your brokerage account.

Tax Reporting-- You will receive a consolidated tax reporting package that will assist you in the preparation of your tax return. In addition, you will receive one annual Form 1099 covering all of the securities held in your account.

By using this Site you agree to the terms and conditions of the Site and have reviewed Cheevers, Hand and Angeline, LLC's Privacy Policy, Disclosure Statements