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Our Firm
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Royal Securities Company was founded in 1982 by five area businessmen. In 2003 we merged with Kent King Securities Company to form a regional brokerage firm with more than 30 registered brokers. We now have a downtown Grand Rapids office to better serve our clients who live and work there. Rick Mellema - Partner: Alternative Investments
SIPC & Additional Coverage for Client Accounts: Royal Securities and our clearing firm, RBC Dain Correspondent Services, a division of RBC Dain Rauscher™ are members of the Securities Investor Protection Corporation (SIPC). SIPC is a nonprofit membership corporation funded by its member security broker-dealers. SIPC protects the securities clients of its members in the event of the failure of a member firm. SIPC reimburses clients the cash value of their securities up to $500,000 per client. Any cash in a client's account would be reimbursed by SIPC up to $100,000 (reducing the $500,000 above). RBC Dain Rauscher has purchased an additional policy from Lloyd's of London. This policy provides additional asset protection up to $99.5 million per SIPC qualified account (of which $900,000 may be in cash), subject to a total maximum aggregate of $400 million for RBC Dain Rauscher. RBC Dain Rauscher also offers protection if a client’s securities are missing because of theft by an outsider, computer fraud or theft by an employee for personal gain. In such cases, the firm’s CAN $310 million Financial Institution Bond coverage would cover the client’s losses, subject to that policy’s terms, conditions and limits. Note: Neither SIPC protection, nor protection in excess of that offered by SIPC, covers a decline in the value of a client’s assets due to market loss. Additional information is available upon request or at www.sipc.org. Whether this is your first step in investing or whether you are an experienced investor but new to our firm, we welcome you as our customer. You may be certain that we will try to serve you to your satisfaction. When you open an account with us, naturally we need to know such things as your name, address, and social security number. We also suggest that you discuss your investment goals thoroughly with your account executive. The more we know about your circumstances and financial aims, the better we are prepared to help you. It is our practice to mail you a written confirmation of every transaction on the day your order is executed. This confirmation gives the quantity and name of the security, net cost or proceeds, commission, plus any taxes or fees. You should keep your confirmations for tax-reporting purposes, as you would any receipt. Because of Federal laws with which we must comply, it is necessary to settle transactions for the purchase or sale of securities on the third business day after the transaction (T+3). If you purchase stock, we must receive prompt payment so we can pay the seller on the settlement date. If you sell stock, we must receive your certificate(s) in time to deliver them to the buyer. Normally, proceeds of a sale are available at our office on settlement date. Your confirmation will include all this information. In addition, we mail a complete record of your account to help you periodically, showing any securities and cash held by us for your account and any activity that has taken place since the preceding statement. Statements should be reviewed for accuracy upon receipt and should be retained for income tax purposes. Each year our independent public accountants conduct an audit of our books. If you have cash or securities in your account at that time, the auditing firm will ask you to verify the accuracy of your statement, a copy of which is sent to all our customers. Our account executives have knowledge and experience to help answer you questions about investing. They can help you evaluate you objectives in light of the risks and rewards for different types of securities. You are under no obligation whatsoever by calling for information or coming in to see us. We are always happy to talk to you at any time. Our account executives are here to help you with your investment program and are your personal guides to the world of investing.
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