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Meredith Portfolio Management Inc. is a SEC-registered investment
advisor. Robert R. Meredith & Co., Inc. is an affiliated
broker-dealer whose accounts are carried on a fully disclosed
basis at Pershing LLC, a BNY (Bank of New York) Group company.
As an investment advisor, Meredith Portfolio Management is
concerned with the design of investment strategies; the selection,
purchase and sale of securities; the monitoring of portfolios; and
the modification of investment strategies in accordance with changes
in investment objective and economic climate.
Robert R. Meredith is a member of the Financial Industry Regulatory Authority
and Securities Investor Protection Corporation.
Pershing LLC provides clearing services for Robert R. Meredith and
is responsible for the following custodial duties:
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safeguarding of customer funds and
securities.
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maintaining account records on clients' behalf.
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receiving and delivering funds and securities,
including payments of dividends and interest.
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preparing and transmitting confirmation of trades.
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preparing and transmitting monthly account statements.
Pershing LLC provides the following protection to clients’ accounts:
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Securities and cash held in custody by
Pershing for your account are protected up to the total amount held
in the account. Of this total, the SIPC provides $500,000 of coverage
for each account, including $100,000 for claims for cash.
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The remaining coverage on securities and
cash is provided by Pershing through a commercial insurer, Customer
Asset Protection Company, a licensed New York insurer.
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Account protection applies when a SIPC
member firm fails financially and is unable to meet obligations to
securities clients, but it does not protect against losses from the
rise and fall in the market value of investments.
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