How Your Investment Accounts Are Protected at Northwestern Mutual

When you open an investment account at Northwestern Mutual, you’re working with one of thestrongest companiesin America. Northwestern Mutual manages more than $237 billion¹of retail investment client assets and is a top 10 independent broker-dealer.²

And investment accounts at Northwestern Mutual come with automatic third-party protection.

SIPC protection for Northwestern Mutual investment accounts

While all investments carry the risk of the loss of principal, rest assured that if something happens to Northwestern Mutual, you’re covered. That’s because Northwestern Mutual Investment Services, LLC (NMIS) is a member ofSecurities Investor Protection Corporation (SIPC). SIPC protects NMIS accounts upto $500,000 (including $250,000 for claims for cash) in the event that a firm fails.

Additional protection

NMIS’s accounts are held through itsclearing firm, Pershing LLC, whichprovides additional protectionfor assets held in its custody. Pershing’s additional account balance coverage through Lloyd’s of London and other third-party commercial insurers may provide benefits beyond what’s covered by SIPC. Please reach out to your financial advisor if you have questions about coverage for your Northwestern Mutual investment account.

Protection for multiple accounts

Each account you have with NMIS in which you act in a different capacity is SIPC protected. This means that if you act as sole owner of one account and custodian of another, each of those accounts retains separate SIPC protection.

FDIC Insurance

Northwestern Mutual also offers an FDIC-insured bank deposit program (“NM FDIC Insured现金存款计划”)在客户inve举行stment accounts with either NMIS or the Northwestern Mutual Wealth Management Company. If this cash sweep option is used for your investment account, this program provides FDIC coverage up to $4 million ($8 million for joint accounts) for each category of legal ownership. The NM FDIC Insured Deposit Program automatically transfers uninvested cash balances into one or more interest-bearing bank account(s) each day. By automatically allocating your funds across multiple program banks, we’re able to conveniently offer extended FDIC coverage.

¹Combined client assets of Northwestern Mutual Investment Services, LLC (NMIS) and Northwestern Mutual Wealth Management Company (NMWMC) as of the end of February 2023. The advisory programs offered by NMWMC are in conjunction with brokerage services from NMWMC’s affiliate, NMIS. NMIS is a wholly owned subsidiary of Northwestern Mutual.

²Ranking for Northwestern Mutual Investment Services, LLC. Measured by 2021 revenue. Source: Financial Advisor, April 2022.