How does WiseBanyan protect the money in my account?

Our clients' well-being is our number one concern and we take security extremely seriously. Your money is held in a brokerage account in your name with Apex Clearing Corporation, an independent third-party clearing firm registered with the Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA").

Your account is covered and protected by SIPC in the extremely unlikely event that the brokerage firm was to become insolvent. SIPC protects investors against losses that stem from the financial failure of a brokerage company. If a brokerage fails, SIPC will cover losses up to $500,000 with a limit of $250,000 for cash losses. Learn more about SIPC protection at sipc.org.

In addition to SIPC coverage, Apex Clearing Corporation has arranged for an additional $150 million of coverage across all its clients.

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