SIPC limits (500k+)

May 14, 2018 17 Comments

I'm in a lucky position where my investments are nearing 500k (should be there, hopefully, by the end of the year).

I'm using Wealthfront for majority of it. And started investigating what protection i have in case Wealthfront goes bust.

Looks like there is SIPC insurance that covers up to 500k.

Question: what is the strategy people are using when they are hitting this limit? Should I open an account with betterment/vanguard to maintain an excess over 500k? Any other ideas?

comments

Want to comment? LOG IN or SIGN UP
TOP 17 Comments