We are committed to protecting your money and privacy with the highest standards of insurance and security available.
SIPC Insurance Protection
Our brokerage partner is Interactive Brokers LLC, a leading international brokerage and custodian that has been in business for almost 50 years. Your cash and investments are held at Interactive Brokers, not in Illuminate accounts, as we serve as your investment advisor.
Client securities accounts at Interactive Brokers LLC are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit of $250,000). In addition, Interactive Brokers LLC carries an excess SIPC policy with certain underwriters at Lloyd's of London, which extends the per account coverage by an additional $30 million (with a cash sublimit of $900,000), subject to an aggregate limit of $150 million.
SIPC protection safeguards customer assets if a brokerage firm fails. It's important to understand that SIPC does not protect against market losses or declining investment values, but rather protects the custody of your securities.
Data Security
We implement bank-grade encryption and security standards to protect your personal and financial information. Illuminate works with J.P. Morgan and Interactive Brokers to link your bank accounts safely.
SEC Registration
We are a Registered Investment Advisor with the U.S. Securities and Exchange Commission (SEC). This means we must act as a fiduciary and provide investment advice that is in your best interest. We undergo regular audits and remain compliant with SEC rules and regulations at all times.
Ongoing Protection
Our team and partners evaluate risks across our company and platform, and external security firms test security controls to ensure we're following the industry's best practices.
