How Your Account is Protected at Equity Trust Company

Nothing is more important than the confidence you place in those who handle your retirement funds. Equity Trust Company ("Equity Trust") operates as a regulated custodian that earns trust each and every day.
 
Below are just some of the intensive measures Equity Trust goes through to ensure your accounts are protected.
 
High Standards for IRA Custodians
  • The Internal Revenue Code sets high standards for being a qualified Custodian of IRA accounts.
  • Equity Trust Company and its affiliates have operated as a qualified IRA custodian since 1983.
  • Equity Trust accurately and completely complies with numerous complex IRS reporting and record-keeping requirements.
Governmental Regulators
  • Equity Trust operates as a trust company under authority granted by the state of South Dakota.
  • Equity Trust meets the state trust company capital requirements and complies with all state statutes and regulations.
  • South Dakota law mandates regular audits of trust companies performed by state auditors.
  • The Financial Industry Regulatory Authority (FINRA) and The Securities and Exchange Commission (SEC) regulate Equity Trust's brokerage affiliate, ETC Brokerage Services.
  • The Department of Labor (DOL) regulates qualified plans provided by Equity Trust.
Cash Protection/Deposit Insurance
  • Equity Trust deposits all un-invested cash in FDIC insured accounts.
  • IRA deposits are insured by the Federal Depository Insurance Corporation (FDIC) up to $250,000.
Investment Protection
  • All publicly traded investments (stocks, mutual funds etc.) at Equity Trust's brokerage affiliate are protected through the Securities Investor Protection Corporation (SIPC) up to $250,000.
Please note: Non FDIC insured investments are not insured by any federal government agency; are subject to risk, including possible loss of the principal amount invested.
 
Commercial Insurance
Equity Trust carries its insurance with a leading national insurance company for the following:
  • Errors and Omissions
  • Financial Institution Fidelity Bond
Internal Controls
  • Equity Trust Company's Board of Directors, officers and employees work within a well established system of internal controls.
  • The system of internal controls ensures the effectiveness and efficiency of operations and compliance with applicable laws and regulations.
Internal Auditor
Equity Trust Company's internal auditor operates with independence and reports directly to the Audit Committee of the Board of Directors.
 
Independent Audit Performed Yearly by Certified Public Accountants
  • Annually, Cohen and Company, Certified Public Accountants, audit the company's financial statements.
  • The auditors also evaluate the company's internal control environment and assess the "tone at the top".
  • Their findings are reported to the Audit Committee of the Board of Directors.
Audit Committee
  • The Audit Committee of the Board of Directors oversees the activities of both the company's internal and external auditors and receives reports directly from the auditors.