Will my retirement money still be available if Stash is goes out of business?
Stash has plans to be around well into your retirement years. However, if anything were to happen to cause Stash to go out of business, your money will be safe. When you open a Stash Retire account you, are opening a brokerage account held by our clearing house Apex Clearing. All of the securities in your Stash Retire portfolio are owned by you.
Through Apex Clearing, Stash Invest accounts and Stash Retire accounts are SIPC-protected (up to $500,000 per account type) 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: Unlike FDIC insurance for banks, SIPC does not protect against losses due to normal swings in the market.
Q. How can I close my Stash Retire account?
You can close or withdraw funds from your Retire account in just a few simple steps. To initiate the process contact support. First, you will need to sell any investments that you may have in your Retire account. This will make all funds in your account available to withdraw from your cash balance when we…
Q. What are fees for Stash Retire?
For Stash Retire accounts with average daily balances of less than $5,000.00 in the subject month, we will charge a fixed fee of $2.00 per month in advance. Investment advisory fees are not prorated for partial months. For Stash Retire accounts with average daily balances of greater than $5,000.00 in the subject month, we charge…
Q. Why is my available cash balance negative after I deposit funds or sell investments?
Anytime you make a deposit into Stash, there is a five-day hold placed on that amount in your cash balance. We do this to protect our clients from fraud. That means you will not be able to withdraw these funds until the sixth business day after they deposited into your account. During this time period,…
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