Dow Investment Group client accounts are held by, and security transactions are handled by, Pershing, LLC, the world's largest securities clearing firm. Pershing is an affiliate of the Bank of New York, the nation's oldest bank, founded in 1784. Pershing is a member of the New York Stock Exchange and every other major U.S. securities exchange.
All Pershing accounts enjoy unlimited account protection. The Securities Investor Protection Corp. (SIPC) provides protection up to $500,000 (of which no more than $100,000 can be in cash). The additional account protection is provided by private insurance companies.
SIPC and private insurers protect against member business failure, but do not protect against the loss of investment principal due to changes in market value.
Pershing offers our clients comprehensive account services, including:
- Regular detailed statements,
- Online account access,
- Periodic payments made electronically to your local bank checking account,
- Check writing privileges & ATM debit cards.