Momentum Independent Network is a member of the Hilltop Holdings Inc. family of companies. With approximately 4,800 employees in 48 states and $16.9 billion in assets as of Sept. 30, 2020, Hilltop’s optimized capital, funding, and liquidity provides unique advantages and stability to each of its businesses. Hilltop’s family of companies also includes PlainsCapital Bank, the fourth-largest Texas-based bank by deposits; PrimeLending, one of the nation’s leading mortgage originators; and HilltopSecurities, a premier full-service municipal investment bank.
Protecting Your Assets
Momentum Independent Netowrk is member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at www.sipc.org.
Clients also have additional security protection from underwriting syndicates at Lloyd’s of London to cover the net equity of their accounts up to an aggregate of $200 million. SIPC and Excess SIPC covers accounts of the member firm in the event of a member’s bankruptcy or insolvency. Coverage does not apply to losses due to market fluctuation or to any decline in the market value of your securities.
The FDIC insures bank deposit accounts such as checking, interest-bearing checking and savings accounts, money market deposit accounts, and certificates of deposit (CDs) if an insured bank or savings association fails. Your bank deposits are generally insured up to $250,000 per depositor, while your IRA and other qualifying self-directed retirement funds on deposit are separately insured up to $250,000. The FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if you purchased those products from an insured bank. Additional information regarding FDIC coverage is available at www.fdic.gov.