The considerable backing of exceptional resources
Financial Strength & Soundness
Aligned with industry leaders
Custody and clearing services
Through our affiliations with Pershing Advisor Solutions LLC, a BNY Mellon company, and Fidelity Brokerage Services LLC, Essex Financial clients are aligned with acknowledged industry leaders in global brokerage execution, clearance and custody. Assets held in custody by Pershing and Fidelity are protected by the Securities Investor Protection Corporation (SIPC®) for up to $500,000 in value, including $250,000 in cash awaiting reinvestment. In addition, both Pershing and Fidelity provide coverage in excess of SIPC limits. This includes an aggregate loss limit of $1 billion for eligible securities over all client accounts, with a per-client loss limit of $1.9 million for cash awaiting reinvestment within that aggregate loss limit.
A safe financial harbor
Reserves that exceed the norm
Since 1851, Essex Savings Bank has been a safe financial harbor for residents and businesses in the Connecticut River Valley. As a subsidiary of Essex Savings Bank, our firm benefits from this solid financial foundation. The capital reserves of Essex Savings Bank far exceed the FDIC requirement to be considered a well capitalized bank. As a local mutual savings bank, it also contributes up to 10% of after-tax net income back to local charities.