Does Sidepocket actually possess my money?

Sidepocket is an SEC registered investment adviser (RIA), but does not hold custody of assets. Funds are held in a brokerage accounts by our custodian and broker-dealer partner Apex Clearing Corporation. Apex is a member of the Securities Investor Protection Corporation (SIPC), funds are available to meet customer claims up to a ceiling of $500,000, including a maximum of $250,000 for cash claims.