What happens to my account if Stash goes out of business?
Stash has every intention of sticking around for the long term. However, if anything were to happen to Stash that required us to close up shop, you would maintain complete control of your brokerage account. All the investments in your Stash portfolio (from American Innovators to Young Money) are owned by you. Your money will be safe. Your account will not face any penalties if anything happens to us.
Stash Invest and Stash Retire accounts are custodied by Apex Clearing Corporation where they are SIPC-protected (up to $500,000 per account type and $250,000 of that can be in cash) against losses resulting from the failure of a broker-dealer. It’s important to know that $500,000 is the standard amount that SIPC offers for investment companies. Important note: Investments are not FDIC insured, not bank guaranteed, and may lose value.
Q. How am I protected if Stash ever goes out of business?
Say Stash goes bankrupt or out of business. What happens next? The cash you’ve invested in your Stash account including ETFs or stocks would remain in your control. 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…
Q. Is it safe to link my bank account to Stash?
Stash follows the highest standards for data protection employed by financial firms and the financial services industry worldwide. That includes using something called 256-bit encryption to secure your information, including personal data and fund purchase history. Stash further secures your account with Secure Socket Layer (SSL) technology, which ensures any information sent between the Stash…
Q. How is Stash regulated?
Stash is as an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). The SEC is a federal agency that regulates the financial securities market, including exchanges, brokerage firms, and investment funds. The SEC requires financial services companies including Stash to act in the best interests of their customers. It obligates financial services…
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