Alpaca Securities LLC serves as the qualified custodian for Eden Financial Technologies Incorporated DBA Cove.
Investment advice is provided by Cove and investments in your Cove account are not FDIC INSURED, NOT BANK GUARANTEED, and MAY LOSE VALUE.
Plus, your cash is protected with FDIC insurance up to $1 million**, and your investments are SIPC insured up to $500,000**.
Investments held in your Cove brokerage account are SIPC protected up to $500,000 (including up to $250,000 for cash).
Each program bank provides FDIC insurance up to $250,000 per depositor, allowing up to $1,000,000 in combined FDIC coverage if your cash is spread across four partner banks.