| Welcome to FFA Direct
FFA Direct is a division of Financial Funds Advisors International S.A.L, an independent financial institution registered at the Central Bank of Lebanon under the number 18. FFA Direct has selected Pershing, a division of Donaldson, Lufkin & Jenerette Securities Corporation (DLJ), one of the largest clearing firms in the United States, to act as our clearing firm and carry our clients’ accounts. In its capacity as a clearing firm, Pershing receives cash deposits made by FFA Direct’s clients, executes customer orders and generates periodic statements. When you register with FFA Direct, you gain access to the following features:
By utilizing Pershing’s services, FFA Direct is able to offer competitive products and services, which until now have only been associated with US national firms. Securities and cash held in custody by Pershing for our clients’ accounts enjoy unlimited account protection. Of this total, Securities Investor Protection Corporation (SIPC) provides $500,000 of coverage, including $100,000 for cash claims. The remaining coverage is provided by Pershing, through a commercial insurer. The account protection applies when an SIPC member fails financially and is unable to meet obligations to clients, but it does not protect against losses from the rise and fall in the market value of investments.
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