Our broker-dealer facility allows us to provide custody services at no additional cost to our investment advisory clients. We take pride in being able to accommodate the special operational requests of clients promptly and efficiently, a service level not ordinarily found in the independent investment advisory market.
Ingalls & Snyder has the capital and facilities to clear its own trades. Our commitment to self-clearing, unusual for a firm of our size, is consistent with our conservative operating and financial philosophy. Client securities and cash balances remain within our control and clients benefit from maximum efficiency, accuracy and confidentiality.
Ingalls & Snyder maintains a high level of capital for a firm of its size, multiples of the minimum regulatory standards for our business. We do so out of our conservatism, our familiarity with the frequent and severe downturns in the investment environment, and our desire to assure the continuity of the firm for many more generations. The firm is wholly owned and capitalized by its Principals.