Account Segregation

The National Bank of Georgia rules state that we, as a licensed brokerage house, are required to segregate all our client funds from our own funds. Under the rules, regulated firms must promptly place client money upon receipt into one or more client bank accounts, separately identifiable from the firm’s own bank accounts and can’t use it in the course of day to day business operations. The segregation of client money from a firm's own money is an important safeguard for investor protection.

As required under the rules all non-margin assets (shares, bonds, ETFs) are segregated and held in the client’s name or for their benefit. At no point are the assets comingled with assets of ours or the sub-custodian. We perform a daily reconciliation to ensure that our internal records are accurate and that these match the external records from our sub-custodian.

All funds deposited by clients with Galt & Taggart will be kept in a segregated client funds account in accordance with the above regulation. Securities held by clients with Galt & Taggart are equally kept in segregated custody accounts.