Lombard Securities is a holding company owning the Broker/Dealer, Lombard Advisers, a registered investment advisor, and Lombard Agency, an insurance agency. These three units run in unison and comprise of the same management in order to offer a wide range of investment products and services to our clients.
We never forget that our success depends upon our client’s success. Our many, long-term clients serve as evidence of how we treat our customers. Unlike many Wall Street firms, Lombard does not develop or market its own financial products and there has never been any incentive for our brokers to use any investment product or service over another. Investment recommendations are made because an experienced financial advisor believes that a particular investment is suitable and appropriate for that particular client’s portfolio.
Are headquarters is based in Baltimore, Maryland in a quant area of the city called Fell’s Point. Our brokers and advisors have home offices across the US and we are registered in all US 50 states with the New York Stock Exchange (NYSE), Financial Industry Regulatory Authority (FINRA and formally known as SiPC and NASD) and the U.S. Securities and Exchange Commission (SEC).
Lombard uses a large clearing firm, Hilltop Securities to hold all client cash and securities, and execute all customer transactions. All customer accounts are protected in the event of a firm’s insolvency. When a brokerage firm is closed, SIPC steps in and, within certain limits, works to return your cash, stock, and other securities you had at the firm. Your accounts are covered by SIPC, up to $500,000 in securities with a limit of $250,000 cash per account. In addition Hilltop Securities has purchased supplemental insurance through Lloyd’s of London offering you additional coverage up to an aggregate amount of $100 million.