How am I protected if Stash ever goes out of business?
That’s because your investments are held in a federally regulated broker-dealer called Apex Clearing Corporation. This company acts as a custodian for all the investments Stash users purchase. Apex is regulated by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), an agency called the Securities Investor Protection Corporation (SIPC), which together protect your investments against fraud and the potential bankruptcy of the company holding your investments.
In fact, SIPC would return up to $250,000 in cash and up to $500,000 for non-cash investments such as stocks and ETFs in the event of fraud or bankruptcy.
It’s important to keep in mind, however, SIPC does not protect your investments from market value changes.
Still not sure about Stash?
If you’d rather hear more about Stash from a third party source, check out our coverage in major publications.
- Is It Safe to Get Excited About Investing Again? By Bloomberg News
- How to get started investing…for $5 by CNN Money
- Stash raises $40 million Series C to make Investing more approachable by TechCrunch
Q. How do I buy?
In the app, click on the ‘Invest’ tab. From here you can select the invest you’d like to buy. Click on the investment. Once you’ve selected the ‘card’ for the investment you can read a bit more about it, check out its past performance, and decide if you’d like to buy. To buy, simply click…
Q. What is Smart-Save?
Smart-Save analyzes how and when you spend your money and transfers money from your checking account to your Stash Cash when you have cash to spare. Once the money settles in your Stash Cash, you can invest it, withdraw it, or save it for a rainy day. We’ll never initiate a transfer when your balance…
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