FDIC vs. SIPC: What You Need to Know Now About Protecting Your Assets

In the midst of the financial tumult caused by the COVID-19 crisis, youโ€™re probably thinking a lot about whether or not your investments and assets are protected. Hereโ€™s what you need to know,ย for both deposit accounts and brokerage accounts. Two Categories of Risk You already know that when youโ€™re placing your money with any financial institutionโ€”whether depositing cash in your bank or purchasing investmentsโ€”thereโ€™s inherent risk. Itโ€™s important to be able to distinguish between two high-level types of risk. (Of course, there are a number of other types of risk that come with managing your finances and investing, but weโ€™re Read More