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What Happens to Our Investments if Schwab, Fidelity or Vanguard Collapse?

Frames What Happens to Our Investments if Schwab, Fidelity or Vanguard Collapse?

Description What Happens to Our Investments if Schwab, Fidelity or Vanguard Collapse?

Comments What Happens to Our Investments if Schwab, Fidelity or Vanguard Collapse?

Take a cashiers ck made out to yourself good for 6 monthsif banks close and reopen or a bank holidaythe check should be cashable when bank opens Comment from : B R Atkins

What if the custodian steals or goes bankrupt? Comment from : Ed Strougal

Very informative, thank you Comment from : Paco Amram

What happens if the custodian bank goes bankrupt? For example, what would happen to owners of SCHD shares if State Street Bank went bankrupt? Google: "State Street profit misses on lower fee income; shares fall," (Reuters) and, "State Street shares sink 12 after it says it must pay more to depositors" (Financial Times) Comment from : Benjamin Piper

Put simply, the world would heal Comment from : TotallyNotTheBio-Lizard

I started buying some more stocks at the beginning of the year, but nothing big Why am I treating this so harshly? I still want to be the first person in my polygamous family to make a million dollars despite the fact that others in my field make six figures per person I am well aware of the costs associated with working more to get more money Comment from : Jamie Jeff

This is a great American delusion These insurances are governmental they were all goes there's not gonna be any payout and if there is, it's gonna take an extraordinary amount of time forms lawyers, just a usual role of and of course we hear from the lawyers is the law move slowly while you starve to death? brbrSo basic west of the Monterey from speaking, Dave Rye learning person of let's get off, depressed, easy button and take a hard look at how you gonna protect yourself, golden silver or not the answer either palladium or platinum because I have to get them out of this I would worry about the stock market up or down or sideways If you've got to take it to have a meltdown and reassayed to prove that it's real did you think about that one? Comment from : G Klein

so what if State Street Bank goes bankrupt? or, with my Fidelity MM Fund, the custodian is Citibank What if Citibank goes bankrupt? Comment from : The One Who Knocks

About the current bank situation, I'm really concerned I am worried about a lot more if a bank the size of SVB may fail I have a friend who manages a fast-growing startup and was severely impacted by the bank run I have taken more than $840k out of my bank Since the FDIC only provides coverage up to $250K, an implosion could have negative consequences presently want to invest in the stock market Does anyone have any ideas on how I might proceed? Comment from : Dylan Moris

What do you think of "sofi"? Comment from : Richard Collett

1987brThe company I worked at was having our 401k account managed by a certain company that put all of the money in vulnerable places, lost ALL of it and tried to say we owed them more moneybrThey lost all of principal and any earnings, just as the small print says todaybrNothing was recovered or returnedbrThey might as well have invested in hookers and blow Comment from : D S

Why dont you talk about obamas executive orders of 2010 and 2011? They allow the feds to completely swipe everything on americas table Investments, bank accounts, safety deposit boxes, propety, houses, cars, EVERYTHING Do you not know? Comment from : sweendawg

That was a question always in the back of my mind - thanks for expolaining Comment from : Dave Whaley

Sorrythe crooks are all in it togetherthey manipulate wall streetthe FDIC has no moneythe big banks have quadrillions of worthless investmentswith fractional bankingthe SEC, DTCC who are supposed to regulate crime are all in the crime Comment from : beverly

The removal of the Glass-Steagall Act in the late 1990s, which contributed to the dramatic failure of large banks during the financial crisis of 2007–2008, was a very unwise decision Dodd-Frank and this Act both need to be reinstated immediately in order to avert another catastrophe If nothing is done to fix the current issue, what happened with SVB is merely the beginning of what will occur Comment from : Deborah Wilson

Damn scary Comment from : Hang Nguyen

Won’t the price of SCHD tank if Schwab goes bankrupt? Comment from : Philip

Good & helpful video But, you did miss addressing one major concern since banks have been in the liquidity cross-hairs What if the Custodian, like State Street Bank, goes belly up? Comment from : WTP WTP

NOTHING Comment from : Fast Machine Media

What happens to you ifyou don’t have some ridiculous premise with which to scare people with? No video Boo-hoo! Comment from : Thomas Marshall

This bank crisis is so far from being over Anyone who has been around for longer than 12 years, knows a credit crisis isn't over in two weeks Makes me laugh seeing folks thinking this was all over so quickly We are seeing a credit contraction that is gonna lead to a major contraction Comment from : Leon Donald

Warren Buffett says it best Inflation doesn’t really matter dramatically if you buy things when they’re on sale Comment from : Barking Shark

What about cash in a brokerage account (ex Shawb) where yhe funds are not invested yet? Comment from : Sandra Veizaga

These are all crises of capitalism Capitalism has been declining for a long time now Comment from : Gabe Zarate

Trump did no American any good when he voided Obama’s rule that Fiduciaries had to present the least costly but effective investments first to their older clients… Comment from : Ken Frank

Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel It is not surprising that the current market sentiment is extremely pessimistic In today's economy, assistance is critical if we are to survive Comment from : walter brown

I believe Schwab got taken to court for excessive SERVICE CHARGES AND LOST IN COURT THESE arebrthe same guys that got taken to court for cheating their investors/depositors The biggest windfall a bank , holding a mortgage is , tobrrepocces the property and sell it AGAIN!!! We live in a " short term, memory mentality " society and big money uses it to VICTIMIZE ANYONE, PUT BEFORE THEM!! Comment from : Will Serrano

I believe Shwsb Comment from : Will Serrano

nothing is safe in a currency collapse FDIC is worthless and barely covers 127 and 4 banks already collapsed and wiped it out Comment from : Paul

What would happen if the custodian goes bankrupt or decide to dip into those funds? Comment from : J M

You didn't seem to tackle the question of what happens if a fund's custodian collapsed Comment from : KevinB

in such times as this, you’ve got to make sure you consider having a diverse investment strategy Your portfolio should have exposure to different areas of the market, including small or large-caps of ETF index, international stocks, grade bonds and alternatives like currency market (forex & digital-ledger) I grew to a 7 figure mark with my portfolio having exposure to different areas of the market Credits to my adviser, Olivia Rene Reyesit's been steady growth Comment from : michaelhascaitlyn4l

Its' about 5 months later and Schwab hasn't collapsed Comment from : Mojo of the G

Such s great thought! Thanks! Comment from : Andrew Vare

Just say it's like going to Las Vegas and you gamble acual money It's all in the integrityof the machine and odds They don't pay your gamble Comment from : Charlie B

I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs Brittany Utley Comment from : Randy H

hummm, i suppose the government would bail them out ? lolololololol Comment from : Edward Martin

Really clear explanation Thank you Comment from : BZB

what happens if you have money sitting in the account that you have not used yet Comment from : BAYL

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing I do have about $70k amount of capital to start up but I have no idea what strategies and direction I need to approach to help me make decent returns Comment from : James wood

Somehow none of this is reassuringbrOur financial system is clearly failing, and is rigged Comment from : rob grey

How would Fidelity or Vanguard fail, when there is internal and external audits being done each and every year as required by SEC? Unless it is the end of the world! Comment from : Miki B Hon

The problem with rising interest rates is finding debtors that can afford to pay them My IRA is at Schwab, and I am selling many stocks and putting that money into the Schwab Money market account Schwab Bank is in trouble because their longer term Treasury notes have lost value from the rising rates Who is the Money Market fund collecting the high interest rates from? Will those people pay if there is a Wall Street crash like the one in ‘29? Would the Money Market Fund principle be collectable in full? The SNVXX prospectus says “it is possible to lose” Comment from : J0einOK

It is most unfortunate that the bank bailout happened 15yrs agobrMany overpaid bankers should be in jailbrUnfortunately all the thieves are still in businessbrWith a bit of luck the failures will be too numerous this time to bail them out Comment from : Eddie De Goede

vanguard is like one of the three largest investment companies in the US, the likelihood of them going bankrupt is probably similar to the likelihood of the Federal government going bankrupt--never gonna happen Comment from : classics1018

Thanks for sharing this content Comment from : Homero Lara

The FDIC can insure against only a small portion of the countries banking system deposits It's like your home insurance If your neighborhood burns down, they can cover it, but if the entire city burns down, there's just not enough to cover it all Comment from : Roger Dodger

What about Custodian? What is the regulation for them to restrict from investing risky or any investment? State Street must be investing the money somewhere?! What happens if the custodian bank fails? Comment from : Sung H Kim

😂😂brFear fear fear!brIdiot WW3 will start! That means you will see global destruction and a new World! Are we going to survive in this War? Who knows?! Comment from : Norvik Grigorian

They won't go under, they will replace all funds with CBDCs Comment from : Elbert Basa

Banks got away with stealing from people, most recently in 2008 and in earlier years as well There is no reason they won't do it again You can't bank on anything "ADVISORS" tell you Comment from : homayoun Shirazi

If Schwab goes under, you better believe that in the interim between bankruptcy and restructuring, you would not have access to your stock It would tank in value by the time you could liquidate them due to panic at all the other brokeragesbrbrThis is not financial advice Comment from : David Russo

Thanks, for the information While I had done some research on my own regarding safety at Schwab, and was somewhat comfortable based on my readings; Your explanations have given me much greater peace since most of my investments are in T-Bills, Money Market funds, and Pro share Index ETFs (one-fifth of my portfolio) Comment from : Jack Prato

The white guy paranoid finance video Comment from : Jay Gold

Fidelity is tops in my mind for running a safe business Comment from : carol madore

I was just thinking of this possibility over the last few weeks Schwab is taking over my TD account, and I was looking at the possible issues Schwab my bring to the table Thanks for the vid, answered some of my ? Comment from : PilotPoe42

FED wont let Schwab go bk They will bail them out Comment from : Vital Signs

You said the best thing money can buy is financial freedom How does that align with the world economic forums plan for most of us to "own nothing and be happy" That particular aspect of their plan doesn't seem to include them I've owned nothing before and i wasn't happy Comment from : andrew pinkham

Thank you very much for the information you provided regarding this I had a TD Ameritrade account but Charles Schwab is in the process of taking over their accounts I have a low risk mutual fund IRA with them so I was concerned about if I should leave it there I have another week to make a decision before the takeover happens and I am a person with admittedly, very little knowledge about the whole process Comment from : mrcarlo1966

Thanks Rob That's very reassuring as I have mutual fund assets in Schwab, Vanguard and Fidelity As you said we don't want another Madoff!! I've watched the Netflix documentary twice now and it still sends shiver down my spine (where was the SEC?) Comment from : Far Niente

It would very helpful if you would do a session on derivatives, how they are reported or not on bank quarterly and annual statements How third party risk is evaluated Example, Chase is one of the top banks and they are also one of the top holders of derivatines, which are far more than their net worth, what am I missingbrThank you, Edward, love your sharing such valuable information and education Comment from : Edward Higginbotham

Thank you for answering a question that has long been on my mind Comment from : David Richards

State Street is owned by Black Rock Black Rock owns Schwab It’s a con and those who perpetuate the lie are cons Many will have to find out the hard way Comment from : Rich

The big brokerage houses are Too Big To Fail (TBTF), the government would have to step in with “extraordinary measures” to prop them up, acquire them, or whatever it takes to keep them afloat like they did during the Great Recession Comment from : PH

Schwab is going under Like the titanic Comment from : IDNeon357

brokerage insurance Comment from : Canyon Rim Productions

TLDR If it's in dollars you're screwed Comment from : David Dewey

Mr Rob,brbrWhat are best options available for Equity Investors having Brokerage Client Account with Charles Schwab ???brbrWhat steps we need to take to protect our Equity Investment held by Brokerage Company in their name ??brbrProvide your learned comments and oblige !!!brbrThanks in advance 🙏 Comment from : Ajay Brahmbhatt

Money Market funds just collect interest on the principal Am I correct in thinking that no matter what happened the principal would still be safe? Same with a gold ETF, it might decrease in value initially but in bad times most likely would recover more quickly than most investments In both cases, say the bank holding the investments went bust, again am i correct in thinking the investments would still be safe and one would only have to move them to a solvent bank? Comment from : Goodflop2

If Charles Schwab file bankruptcy they'll do it to protect their assets and banks use your money to do whatever they want,majority of the people don't understand banking and finance so ya'll gotta figure a better way to explain it Comment from : Gregory

FDIC and SIPC are underfunded to handle a large crisis Comment from :

thanks you really releived a lot of anxiety for many of us Comment from : keith walker

I understand about stock security in case of a broker failure What about the cash youbrhave in your brokerage account? Is that as secure and untouchable by creditors? Comment from : Erick Tippett

"Annnd it's gone" brThat's what will happen Comment from : Dan

FDIC is underfunded They can not cover all of the deposits in the banks that have deposits of 250K and less Your money is not safe FDIC is a joke There is a video online of FDIC committee members joking about how they have no confidence in the banking system Comment from : Dell Cof

Thanks for your video! Some other finance YouTube channels raised concerns about CS’s debt issues I find your videos so useful and subscribe it👍🏻 Comment from : Lawrence Yeung

dont measure things in dollars also, they system does not protect you at all it is literally designed to steal from you you clearly have never lived through a bank failure the regulators are on the banks side, not yours Comment from : insaaanestuff

fdic insurance is not safety at all you are a fool for trusting it Q: where does the money come from for fdic? A: it is counterfeit Comment from : insaaanestuff

they dont follow the law its corrupt just because they say they keep it is separate, does not mean that it is you are a fool Comment from : insaaanestuff

I went ahead and googled the answer, as 12 minutes in he still hasn't answered: brbr"Typically, when a brokerage firm fails, the Securities Investor Protection Corporation (SIPC) arranges the transfer of the failed brokerage's accounts to a different securities brokerage firm" Comment from : Bitcoin Nupe

SBF seems to thuink you can use customers asests for personal use!! Comment from : Stu Katz

My Ameritrade was taken over by Schwab…and now it’s bye bye to stocks (Or buy buy 🤔) Nice! Comment from : SugarSheila

Such a good postingI'm sure many people had the question "what would happen to my investments if say a Vanguard went under?" Thank you for explaining the separation between the investment firm and custodian Comment from : Thumper

Bernie Madoff is no longer available as I understand it Comment from : rob1248996

Vanguard owned buy Blackrock? Comment from : GI JO

My retirement investment options are extremely limited by my employer brI've got my money in a treasury based vanguard money market waiting for the stock market to tank Vanguard has a unique structure, where it is owned by the fund shareholders Vanguard operates more as a custodian, the conpany itself doesn't actually own anything and isn't publicly traded giving it significant stabilitybrMy risk is with the retirement account management company and the individual investmentsbrRight now the previous investment I had is only up 36 from when I shifted to the money market that has a 28 return (52 annual) but almost no risk in comparison brIf the market tanks, I'll buy in at the bottom and ride things back up Comment from : GetInTheSpace

I have 3 Schwab accounts - one is a brokerage account, another is an IRA brokerage account, and the last is a checking account Most of the time, less than 1 of what I have with them is in this checking account The primary purpose of this checking account is to be the intersection of funds between the brokerage accounts & my accounts with other financial institutions brbrIt is possible for a brokerage to reach into brokerage accounts to use securities/funds for other purposes That's what Sam Bankman-Fried did when he was CEO of FTX and he was well-trusted because his parents are among the most reputable professors at Stanford I've heard that some people that used Sam as their Bank Man got Fried like how Bernie Made Off with lots of money around 14 years ago So, even with all the safeguards in place it's wise to be diversified and never have more funds with any one brokerage than you are ready to lose entirely in case you get someone considered reputable like Sam Bankman-Fried or Bernie Madoff at the helm Comment from : Alex de Gaston

Idk 🤷‍♂️ Comment from : KentuckyCowboy7

Very helpful video Well done Rob Comment from : SCHD Stan aka Leroy Skywalker

Ironic SVB went bankrupt and now Schwab appears to be strugglingnext? Comment from : Caleb

Good info! Thanks BobbrbrQQ What would happen if an individual stock/company I owned in my 401k decided to take the company private, and I didn’t want to sell my shares Assuming the company allows the share holders to retain their sharesbrbrThanks Comment from : yokemonkey

Dude doesn't seem poor Comment from : enkibumbu

I have over 500k sitting in a fidelity rollover account from my old work I put some in a s&p 500 but not sure what to do with the rest Can you help Comment from : rockk973

ok!!!!! found you here!!!! Glad to see you back on your own channel Great info today!!!! Totally slipped my mine that CS is publicly traded just like a normal bank or company Comment from : David Lopez

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