How safe is my money/how do I know you won’t run off with my money?

We want to ensure the security of your accounts at Capital Financial Planners. As part of our commitment to safeguarding your investments, please be aware of the following important information:

  1. Insurance Coverage: Your accounts are protected by the Securities Investor Protection Corporation (SIPC) in the event of LPL Financial's failure. SIPC provides insurance coverage of up to $500,000 per account, with a maximum of $250,000 in cash. For further details, you can request an explanatory SIPC brochure or visit www.sipc.org. It's important to note that SIPC coverage does not safeguard your account against market losses.
  2. Custodian of Client Assets: Client assets are securely held by a third-party public custodian, LPL Financial. These assets are not accessible to Capital Financial Planner employees. Consequently, all checks from clients should be made payable to "LPL Financial."
  3. Account Fund Movement: Generally, we can facilitate the transfer of funds from your account in the following ways:
  • A wire transfer to another account at a different institution, provided it's in your exact name and with your written permission.
  • A check payable to the account holder(s) and mailed to the address of record on the account.
  • A journal transfer to another account with the same owner.
  • An Automated Clearing House (ACH) transfers to/from a client's bank account. This requires specific instructions and a voided check provided by the client

Our aim is to offer clients a secure and transparent financial experience, ensuring that clients assets are protected, and that their financial needs are met with care and professionalism.