Our Custodians

Amaltash never takes possession of your money or securities. Your assets are held by regulated, independent custodians, and your uninvested cash is swept across the partner banks listed below for up to $1,000,000 of FDIC insurance ($2,000,000 for joint accounts).

Deposit bank roster effective: November 24, 2025

1. How Custody Works

Amaltash Advisors LLC is an SEC-registered investment advisor. We design and automate strategies — we do not hold your assets ourselves. Trade execution, clearing, and custody are handled by our brokerage partner, Alpaca Securities LLC, a member of FINRA and SIPC.

WHO HOLDS WHAT

  • Securities in your brokerage account are custodied by the clearing broker and protected by SIPC (not FDIC-insured).
  • Uninvested cash is swept into deposit accounts at the program banks below, where it is eligible for FDIC pass-through insurance (not SIPC-protected).
  • Amaltash holds neither — we only place trades on your behalf per the strategies you choose.

2. FDIC Coverage

Because your cash is spread across multiple program banks, the sweep delivers a total of up to $1,000,000 in FDIC insurance for individual accounts and $2,000,000 for joint accounts — far above the $250,000 single-bank limit.

That works because each participating bank provides standard FDIC pass-through insurance of up to $250,000 per depositor, per ownership category, and the program allocates your balance across enough banks to reach the aggregate cap above.

IMPORTANT

FDIC insurance protects cash on deposit if a program bank fails — it does not cover investment losses or market declines. If you already hold deposits directly with one of the program banks, that may reduce the amount of your swept cash eligible for pass-through coverage at that bank. Cash swept above the $1,000,000 individual / $2,000,000 joint aggregate is held at a program bank but is not FDIC-insured.

3. FDIC Bank Sweep Deposit Banks

Cash is swept into interest-bearing (or, where applicable, profit-sharing) deposit accounts at the following member banks, effective November 24, 2025:

Standard FDIC Bank Sweep Program

Uninvested cash is swept into interest-bearing deposit accounts spread across the participating banks below.

  • American State Bank
  • Bar Harbor Bank
  • Cadence BankAlso acts as the settlement bank
  • Dayspring Bank
  • Eagle Bank
  • First Credit Bank
  • Gateway Bank
  • Keystone Bank
  • State Bank of the Lakes (Wintrust)
  • WebBank
  • Webster Bank, N.A.

Profit-Sharing FDIC Bank Sweep Program

A Sharia-compliant alternative that sweeps cash into profit-sharing deposit accounts instead of interest-bearing accounts.

  • University Bank

4. Your Choices

  • You may opt out of any individual deposit bank — for example, to avoid exceeding FDIC limits at a bank where you already hold deposits — by contacting support.
  • The deposit bank roster can change over time. The current list is always maintained by our clearing partner and mirrored on this page.

5. Disclosures

Questions about custody?

Email support@amaltash.com and our team will help.

The authoritative, continuously updated deposit bank list is published by our clearing partner at alpaca.markets/deposit-bank-list. If the two ever differ, the clearing partner’s list governs.

Brokerage and custody services are provided by Alpaca Securities LLC, member FINRA/SIPC. FDIC insurance is provided by the participating member banks, not by Amaltash or the broker-dealer. This page is for informational purposes only and does not constitute a guarantee of FDIC or SIPC coverage in any specific amount.