Multiple brokerage accounts?

Visa
pymnt

Go to company page Visa

pymnt
Aug 22, 2020 19 Comments

For those with more than $500k in a brokerage account, are you worried about the risk of a brokerage firm going under for any reason? SIPC (similar to FDIC for banks) provides up to $500k in account recovery - if you have more than that amount, do you typically hold your assets across multiple brokerages? Any best practices here?

comments

Want to comment? LOG IN or SIGN UP
TOP 19 Comments