Abraham & Co., Inc. is a Washington State registered Investment Adviser and Broker Dealer. The Firm is also registered in the states of IL, ID, CA, TX, FL, IN, UT
The registration status of the Firm and its representatives may, and does, change from time to time. Interested parties are directed to consult FINRA’s BrokerCheck for current registration status. The Firm may not conduct business in states in which it is not registered.
Client Account Protection:
Our custodial firm, Schwab Advisor Services, which holds all of our advisory clients’ cash and securities, is also covered by SiPC protection. See description below.
Excess Account Insurance:
Schwab provides each client $149.5 million worth of protection for securities and $2 million of protection for cash through supplemental coverage provided by London insurers. In the event of a brokerage insolvency, a client may receive amounts due from the trustee in bankruptcy and then SiPC. Supplemental coverage is paid out after the trustee and SiPC payouts and under such coverage each client is limited to a combined return of $152 million from a trustee, SiPC, and London insurers. The Schwab supplemental excess coverage has an aggregate limit of $600 million over all customers. This policy provides coverage following brokerage insolvency and does not protect against loss in market value of securities. See more details about SiPC coverage for client accounts and Schwab supplemental account coverage at: https://www.schwab.com/legal/account-protection
Terms of SiPC Coverage:
Customers of a failed brokerage firm get back all securities (such as stocks and bonds) that already are registered in their name or are in the process of being registered. After this first step, the firm’s remaining customer assets are then divided on a pro rata basis with funds shared in proportion to the size of claims. If sufficient funds are not available in the firm’s customer accounts to satisfy claims within these limits, the reserve funds of SiPC are used to supplement the distribution, up to a ceiling of $500,000 per customer, including a maximum of $250,000 for cash claims. Additional funds may be available to satisfy the remainder of customer claims after the cost of liquidating the brokerage firm is taken into account.
Client Privacy Protection:
Routing of Client Orders:
To avoid conflicts-of-interest and obtain best execution of orders for our advisory clients, Abraham & Co. routes all trades through its custodian, Schwab Advisor Services, (through Schwab Brokerage Services) with the goal of obtaining the best available execution and price. We make no markets in securities and receive no compensation for order flow. Schwab routes equity and option orders to a diverse group of market centers and regularly monitors the quality of the executions received.
In Case of Business Disruption:
FINRA Rule 3510 requires each member firm to create and maintain detailed a business continuity plan. Accordingly, we have developed a plan to ensure that business continues to run with minimal interruption during times of emergency or systems failure. The following is a summary of that plan: Business Continuity Plan Summary In the event that our clients can not reach us they should contact our custodian, Schwab Advisor Services. A summary of Schwab's Business Continuity Plan can be seen here: https://kyeabraham.us1.advisor.ws/files/schwab_business_continuity_overview_10-23.pdf
Customer Information Brochure:
Anti Money Laundering Procedures & Patriot Act Disclosures:
Potential Conflicts of Interest With Our Clients: