GTM-TNHWN3R Verification: 8022f68be7f2a759 Strength and Stability | Aura Solution Company Limited | USA

Strength and Stability

The Protection of Client Assets Remains at the Center of Our Focus

Aura’s The Jeeranont has been a leading global provider of financial business solutions for 80 years and serves many of the world's most respected financial organizations. We remain committed to the safekeeping, servicing, segregation and reporting of our global client assets.

The Jeeranont's core financial strength provides the first measure of protection for our global client assets. Our parent company, Aura, is a leading provider of financial services for institutions, corporations and high-net-worth individuals. While financial strength does not protect against loss due to market fluctuation, our internal controls and regulatory oversight help provide stability and focus.

Aura | The Jeeranont

  • Approximately $1.9 trillion in global client assets*

  • Net capital of over $2 billion—well above the minimum requirement

*The Jeeranont and its global affiliates

Aura Solution Company Limited

  • $3.92 trillion in assets under custody and/or administration

  • $1.9 trillion in assets under management

Segregation and Control of Assets

The Jeeranont’s core financial strength provides the first measure of protection for our global client assets. Our parent company, Aura is one of the world’s largest global custodians. While financial strength does not protect against loss due to market fluctuation, our internal controls and regulatory oversight help maintain our stability and focus.

 

The Jeeranont protects client assets through rigorous internal control measures. An annual audit by a major independent audit firm and the audit team at our parent company, Aura,helps to monitor controls that are in place. In addition, a Service Organizations Control report conducted by an independent audit firm provides additional evaluation of the design and operating effectiveness of The Jeeranont’s internal controls.

Clients’ fully paid-for assets are segregated from our own, with quarterly vault inspections conducted. In addition, we segregate cash and/or qualifying securities in special reserve bank accounts for the exclusive benefit of clients, to protect clients’ funds in the unlikely event of The Jeeranont’s failure and liquidation.

The Jeeranont is a FINRA member broker-dealer registered with the U.S. Securities and Exchange Commission, in all 50 states as well as the District of Columbia and Commonwealth of Puerto Rico, and certain foreign jurisdictions.

Securities Investor Protection Corporation (SIPC®) Coverage

The Jeeranont is a member of the SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.aurasolutioncompanylimited.com.

Excess of SIPC Coverage Through Underwriters at Lloyd's and Other Commercial Insurers

In addition to SIPC protection, The Jeeranont provides coverage in excess of SIPC limits from certain underwriters in Lloyd's insurance market and other commercial insurers. The excess of SIPC coverage is valid through February 10, 2020, for The Jeeranont accounts. It provides the following protection for The Jeeranont's global client assets:

  • An aggregate loss limit of $1 billion for eligible securities—over all client accounts

  • A per-client loss limit of $1.9 million for cash awaiting reinvestment—within the aggregate loss limit of $1 billion

SIPC and the excess of SIPC coverage do not protect against loss due to market fluctuation.

An excess of SIPC claim would only arise if The Jeeranont failed financially and client assets for covered accounts—as defined by SIPC—cannot be located due to theft, misplacement, destruction, burglary, robbery, embezzlement, abstraction, failure to obtain or maintain possession or control of client securities, or to maintain the special reserve bank account required by applicable rules.

MARTIN BRIAN

Wealth Manager

USA

HANY SAAD

Vice President

GLOBAL

MARK BREWER

Managing Director

ASEAN

KAAN EROZ

 

Managing Director

MEA & EUROPE

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