General
The material provided on this website is for informational purposes only; it is not guaranteed as it its accuracy, although reasonable effort is made to ensure accuracy and information is gathered from sources we deem to be reliable.Client account information is provided by National Financial Services and is subject to National Financial's system capabilities. Neither White Mountain Capital, nor any of its officers, directors or employees will be liable for any loss or damage incurred because of a third party interception of account information accessed on National Financial's system through the White Mountain Capital website.
SIPC Statement
Securities in White Mountain Capital accounts carried by National Financial Services LLC ("NFS"), a Fidelity Investments company, are protected in accordance with the Securities Investor Protection Corporation ("SIPC") up to $500,000 (including up to $100,000 for cash awaiting reinvestment). NFS also has arranged for coverage above these limits. Neither coverage protects against a decline in the market value of securities, nor does either coverage extend to securities that are considered ineligible for coverage.For more information about SIPC, click here. For more information about excess SIPC, please call White Mountain Capital's compliance department at 212-509-0313.
Privacy Policy (02/06)
At White Mountain Capital, we recognize the importance of protecting your privacy and we have policies in place to maintain the confidentiality and security of your personal information. The following policy is designed to help you understand what information we collect from you and how we use that information to serve your account.We restrict access to nonpublic personal information about you to those employees and agents who need to know that information to provide products or services to you. We maintain physical, electronic and procedural safeguards to guard your nonpublic personal information.
Categories of information White Mountain Capital discloses and to whom it is disclosed:
- We do not disclose any nonpublic personal information about our customer or former customers to anyone, except as permitted by law.
- Information we receive from you on applications or other forms,
- Information about your transactions with us, our affiliates or others, and
- Information we receive from a consumer reporting agency.
ANTI-MONEY LAUNDERING PROGRAM
Under the USA PATRIOT Act and other regulations, White Mountain Capital must establish a compliance program, which includes policies and procedures to detect and report suspicious transactions to the government, as well as ensure compliance with the laws. White Mountain Capital must also implement specialized employee training programs, designate an anti-money laundering compliance officer and conduct independent testing of the effectiveness of the program. White Mountain Capital has appointed an anti-money laundering officer to direct the program. All of our employees are trained in anti-money laundering practices and procedures and the details of the firm’s policies.The regulations have also imposed new requirements on client information and verification of that information. White Mountain Capital is required to verify the identity of the clients with whom they do business, determine the source of funds in a client’s account and obtain the information about a client’s financial status. As part of our compliance with these new regulations and in support of the fight against money laundering around the world, we may ask clients for additional information and documentation about certain accounts and transactions. This information may be used to verify client identity.
If you have any questions regarding our anti-money laundering program, please contact your Account Executive.
BUSINESS CONTINUITY PLAN
White Mountain Capital has developed a Business Continuity Plan to provide procedures for response and recovery in the event of a significant business disruption. The purpose of the plan is to identify responsible personnel in the event of a local or regional disaster, natural or otherwise; safeguard employee lives and firm property; evaluate the situation and initiate appropriate action; recover and resume operations to allow continuation of business; provide customers with access to their funds and securities; and protect books and records. The Plan was developed considering the types of business conducted, systems critical to support business, and geographic dispersion of offices and personnel.The Plan is designed for implementation to continue conducting business in the event of a disaster that results in a significant business disruption. Whether all or only parts of the Plan are implemented depends on the nature of the disruption. Generally, a significant business disruption would include:
- Destruction of one of White Mountain Capital's offices or facilities, whether by natural causes or other means
- Loss of life or major injuries to personnel in an office location that disables that office's ability to conduct business
- Disruption of service from a critical service provider
- Disruption of service due to wide-ranging regional outages such as a power outage
White Mountain Capital's Clearing Agent (with National Financial Services) maintains records for White Mountain Capital under the terms of the clearing agreement. National Financial has developed a disaster and recovery plan to recover and retrieve records lost in a disaster affecting White Mountain Capital and/or National Financial, including backing up important records in a geographically separate area.
White Mountain Capital has received assurance form its Clearing Agent that its plan is consistent with self regulatory organization rule requirements and provides adequate protection of customer funds and securities held on behalf of White Mountain Capital's customers and back-up and recovery systems for records retained by National Financial. White Mountain Capital's senior management will review the clearing firm plan or a Summary of the plan at least annually when White Mountain Capital's plan is reviewed.
ORDER ROUTING AND EXECUTION DISCLOSURE
The Securities and Exchange Commission has adopted two rules to enhance the visibility of execution quality of the U.S. securities markets for public investors.SEC Rule 605 (Formerly SEC Rule 11Ac1-5) - Disclosure of Order Execution Information
Rule 11 Ac1-5 requires that White Mountain Capital, LLC publicly disclose, on a monthly basis, basic standardized information concerning its handling and execution of orders.
Introducing Client/Broker Relationship
White Mountain Capital maintains an introducing clearing relationship with National Financial Services, LLC. White Mountain Capital directs its customer equity and option orders to National Financial for routing and execution.
White Mountain Capital, LLC does not receive compensation for directing order flow.
SEC Rule 606 (Formerly SEC Rule 11Ac1-6) Disclosure of Order Routing Information
Under SEC Rule 606 (Formerly SEC Rule 11Ac1-6), White Mountain Capital, a broker-dealer that routes customer orders in equity and option securities, is required to make publicly available quarterly reports that identify the market centers to which customer orders are routed for execution. In addition, White Mountain Capital is required to disclose to its customers, upon request, the markets to which their individual orders were routed. White Mountain Capital maintains an introducing clearing relationship with National Financial Services, LLC. White Mountain Capital directs its customer equity and option order flow to National Financial Services for routing and execution.
Click on the links below for execution statistics provided by National Financial Services for the most recent quarter:
Summary statistics
Detailed statistics
To File a Complaint
Customer complaints can be addressed to the following:
White Mountain Capital, LLC
Compliance Dept
65 Broadway, Suite 1807
New York, NY 10006
Or by phone: 212-509-0313