When you invest with Delphia, your assets are actually held by Apex Clearing Corporation or Alpaca Securities LLC, independent clearing services and custodians. Apex and Alpaca are members of the Securities Investor Protection Corp (SIPC), which is the non-profit organization that protects the customers of brokers or dealers from loss in case of financial failure of the broker or dealer.

SIPC insurance covers up to $500,000 in securities for each type of account you hold with Delphia and up to $250,000 in cash. Above and beyond this, Apex has secured excess SIPC insurance that provides an additional $150 million of coverage across all its clients.

In the extremely unlikely event that Delphia were to go out of business, your account would remain safe and be largely unaffected. All securities are registered in your name, and if we were to close, you could choose to keep your money with Apex or Alpaca, or transfer it to a new advisor or your bank account.

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