Cambridge Minibonds


The City of Cambridge was made aware that Neighborly Securities sent the following email message to its account holders on November 12, 2019. The City of Cambridge is actively working to identify additional information to provide to Cambridge Minibond Holders.  Updates will be added to this page as it becomes available.

If you have questions in the meantime, please contact Assistant Finance Director Michele Kincaid at 617-349-4216 or

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Due to a recent change in circumstances, paperwork has been filed to close Neighborly Securities.

During this transition, your accounts continue to be fully held and custodied at Pershing, LLC ("Pershing"). However, you need to transfer your holdings to an external brokerage by December 27th.

The transfer process is known as an ACAT (Automated Customer Account Transfer). To complete this transfer, you should reach out to the new firm, (many have a specific ACAT department), send them the account information they request, and then they will complete the process on their end.

If you complete this process in 30 calendar days (by December 12th), any ACAT/transfer fees will be waived. If you do not complete the transfer within this timeframe, a $65 transfer fee may apply. If you do not transfer your account to a new brokerage, the account will become "orphaned"—this means Pershing will provide liquidation only services to assist in closing your account, and your account may be subject to additional fees.

If you don’t already have another brokerage account, you can check in with your local bank to see if they support securities holdings.

We’re grateful for your support and hope that you continue to make investments in the places you live and care about.

We are committed to ensuring a seamless transition for our clients and are available to answer any questions you have regarding this process.


Daniel Kupratis


For access to your monthly/quarterly statements, you can continue to log in at and sign into your account with your credentials.

For any account or servicing related inquiries, please contact and someone will promptly respond back, or you may call 866-432-1170.

Securities offered through Neighborly Securities, Member FINRA, SIPC and registered with MSRB. Always consider your investment objectives before investing. Learn more at You received this email as a registered user of Neighborly. If you'd no longer like to receive emails from us, click here.

2019 Neighborly Corporation

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