Is My Brokerage Account Insured?

Dayana Yochim, NerdWallet.com
Tue, 01/15/2019 - 12:10pm

Your bank account balances are insured by the FDIC. Assets in your brokerage are also protected, but by a different entity — the nonprofit Securities Investor Protection Corporation, or SIPC. In the unlikely event your broker or robo-advisor financially fails — and also fails to move your money to another protected firm — and investors’... Dayana Yochim is a writer at NerdWallet.

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Topics:  personal finance   
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