Brokerage account insurance

[Arizona1]

I found that they have account insurance for $500,000 invested or $150.000 cash. I was thinking when you reach these limits you should open an account somewhere else to still be covered. Anyone have a plan or ideas to share?

 

[jazz4cash]

What brokerage is that? I think you are citing the SIPC limit. The bigger brokerages probably have additional coverage beyond the SIPC limit for bankruptcy but I’m not sure about fraud. What are you seeking protection from?


http://personal.fidelity.com/misc/ekits/pdf/safeguarding_your_account.pdf