SIPC protection coverage

[omni550]

As many here have significant assets held at various brokerages, etc., do you monitor your account balances as they grow and take steps to stay within the SIPC limits for loss protection? How often?

https://www.sipc.org/for-investors/investors-with-multiple-accounts

omni

 

[VanWinkle]

Having read your link, I have 3 accounts that qualify as separate and 2 are pushing the limits. I never really thought about the SIPC coverage for these accounts, and all are with Vanguard. I am not sure that this knowledge will change the decisions on where to invest.

Best to you,

VW

 

[njhowie]

Generally, folks shouldn't have to worry about SIPC limits. The major brokerages carry additional insurance in excess of SIPC limits.

 

[omni550]

Generally, folks shouldn't have to worry about SIPC limits. The major brokerages carry additional insurance in excess of SIPC limits.

Good to know.

What if things go majorly "haywire"? I'm wondering if it might make sense to keep accounts below SIPC limits?

omni