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

Rob Berger 1 views

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I would love to hear what you think about LPL Thank you! I’m so financially ignorant
Comment from : @believeinpeace

If we had another banking collapse, like 1929, I have 0 confidence that the banks, brokers, or government would do the right thing
Comment from : @gregeoryl

Great video because you're answering the real questions any legitimate individual who has concerns with either the banking or investing and whether the money actually is safe in case a special circumstance happens Most people don't think about unique circumstances so its important to know these things especially if we are our own financial advisor
Comment from : @trapbois4573

What happens when the Psychopath Criminal Gang now in charge destroys the FDIC? That's coming You need a vid on how to store cash in your house
Comment from : @backbay2242

The really nice thing about not being invested in the stock market is you don’t give a sh*t if all the brokers collapse…lol
Comment from : @georgesouthwick7000

Thank you so much for such a detailed video! I've learned a lot
Comment from : @skay512

I hold a BS in Econ from Maryland and a CFA Charter My career was spent as a Portfolio Manager in Bank Trust Departments Please detail your education and professional experience You certainly do not impress me I would say worst, but "always consider the source" Well, reply !
Comment from : @denAlexVA

Have you researched ‘the Great Taking’?
Comment from : @Superiorscenicmoods

During the late 1980s, I held shares in several mutual funds, Fidelity included I sold the shares and bought commercial real estate and two months later the market crashed Fidelity had about ten funds and they advertised that the best performing fund realized a substantial return After the crash, they liquidated most of the funds and continued to advertise the returns of the best performing fund I will never again trust Fidelity's management Ever
Comment from : @MichaelWal-sw8vr

What would happen if the custodian goes bust? Did not hear you mention this
Comment from : @jerrykrautenstaben6584

Why would Fidelity collapse?
Comment from : @karenarnett5167

They’d owe me about $002
Comment from : @RichardRoche-c2w

That is going to happen Corporations and ultra rich want to wipe out all protections of savings done by Joe sixpacks
Comment from : @Wog68

Good info
Comment from : @SmilingAlpineSkiing-vg3lk

Don't we have enough to worry about?
Comment from : @keysersoze503

Short answer "Aaaaaaand it's gone!"
Comment from : @WeeG-bwc77

It’s insured but I am not sure if they can take years to give you your money back? On the banking side, an aunt of an acquaintance still hasn’t gotten back her FDIC insured money after her bank collapsed It’s been three years
Comment from : @artgirlparis

Taxpayers pay
Comment from : @thomasucc

Rob B still doesn't get it for Madoff was the Fall Guy and simply doing what they all do at that level
Comment from : @forexstrider

Omg it’s bob’s bergers
Comment from : @rageman2247

How about M1 Finance custodian? Who do management?
Comment from : @Mrtdiv14

Fabulous
Comment from : @Le_ombreux_plouc

What if Earth gets hit with an asteroid the size of Texas !?
Comment from : @Gogalen789

To give a real answer for everyone tired of listening to this guy talk wanting the real answer The large brokers will never go away but if one was going under it would be aquired or merged by another big broker guranteed Just like scott trade and TD Ameritrade
Comment from : @nw1018

I may have missed this in the videobut what happens if a custodian fails / commits fraud?
Comment from : @danmulkiewicz5515

Schwab hires Vanguard, Vanguard probably hires Schwab They are both broker/custodians How do we protect our cash and shares?
Comment from : @Jon-pl3hr

What would happen if the custodian went under? brAnd if SCHD etf changes hands, who's to say it'llbrperform the same? Would people taking money out from the etf affect anything?
Comment from : @whatnani7372

What if anything bad happens? It is very risky, so send it to me,
Comment from : @ARFirstRaptor2011

Very informative! Thank you
Comment from : @virajfaria3832

This video was a little more "basic" than I thought No new information there Meant for less sophisticated investors
Comment from : @Bob-ke9in

Hi, Rob New subscriber here Thank you for discussing investment safety and risks My wife and are planning to retire soon We have employer-sponsored 403b deferred compensation plan money which we would like to move at least 50 into an annuity account Considering that employer-sponsored plans are protected under ERISA, will the protection provided under ERISA be preserved when those same funds got moved to an annuity account? Thank you
Comment from : @FLS-ld8bb

OK It's now a year later So what do you have to say today?
Comment from : @morganfbilbo4659

Very helpful as I was really wondering about my stocks Thank you!!
Comment from : @GoldSword777

Does this also apply to blackrock canada for a title like xeqt lets say?
Comment from : @redbahamut

Could you discuss a real-life case that actually happened - Lehman Brothers What happened to its client's money?
Comment from : @dba2-js7mj

What about Investment Accounts at Banks, such as Chase?
Comment from : @boardgamer15

@9:15 " suppose anything is possible"brbrThe chuckle gets me XD
Comment from : @quandarkumtanglehairs4743

5:45
Comment from : @amichiganblackman3200

What happens to the accounts if the federal government does not pay on their debt?
Comment from : @mccoyji

I had a wonderful nanny 70 years ago She said "Don't worry for the mule go blind" We have real and immediate problems It would be great to have FDIC protection on brokerage funds, but it ain't urgent compared to a couple other situations
Comment from : @BlindSquirrel425

Thank you so much, this was extraordinary! But what about the custodian? What is the risk that the custodian goes bankrupt or steals the clients' assets? And how is this risk addressed (or not)?
Comment from : @rolandmaio930

What happens if the FDIC is abolished which is something the incoming administration has stated is one of its deregulatory goals?
Comment from : @mlenehan

What happens if there is a fraud at the custodian?
Comment from : @Beach-t6b

Thanks for explaining this Wil the Trump / Vance / Musk presidency affect any of this information?
Comment from : @Mark4Jesus

This was a great video This is the reason I would never put myoney in those new fintech banks Several of the custodians have failed snd people have lost everything
Comment from : @timothythompson4036

What if the custodian goes bankrupt?
Comment from : @joezunenet

So what about the safety of these custodians?
Comment from : @guycherry7978

Mutual fund and ETF companies have the right to 'borrow' from one fund to meet redemptions from another fundbrbrThis became necessary when indexing drove fund cash balances from 2to5 down to 10-20bpsbrbrThis essentially means that any etf or Mutual fund you 'own' has distinct counterparty risk
Comment from : @LeadfootJustice

Thank you!
Comment from : @brunbeard

Very good detail Thank you
Comment from : @Charlies1970TA

Another conceivable threat is a ransomware attack, locking up the essential data in the brokerage You would think things are backed up in a dispersed way, such that this cannot happen But who knows?
Comment from : @copernicus633

The commenters seem relieved but is it true? If determined, upon failure, they'll figure out a way to not pay you back
Comment from : @silvieb2024

Madoff and MF Global strange Corzine never went to jail
Comment from : @sugershakify

You know that they are insured??? brMaybe you should start with your research on how much each company is insured
Comment from : @cherylpringle3397

Take a look at what happened to Bankers Life…after 5 yrs we’re finally going to get some of our funds from the state insurance guaranty
Comment from : @BeckyBrooks-q1m

Pure fear mongering
Comment from : @fordilac

You're tring to scare folks with that heading? Why I don't trust Financial advisors
Comment from : @NorthRiver-zw9lb

What if the custodian fails?
Comment from : @Governemntistheproblem

Doesnt make me feel any better The custodian can still do the same State street never been my favorite
Comment from : @krakhour2

Everyone knows the bank makes money off what you deposit Broker has no right to do so
Comment from : @krakhour2

Won't happen They would get a govt bailout Too many votes at stake
Comment from : @i486DX66

Cash is King ,, always have enough Cash stashed away that could last you at least one full year
Comment from : @malongfan840

Does this include funds in brokerage accounts in stocks over the $500K
Comment from : @homeyoutubechannel6609

The larger question is what if the US dollar becomes worthless? Such as the USA no longer existing? Everything valued in US dollars would also be worthless
Comment from : @TheRumblewagon

This is why you invest in turnkey multi-family properties instead
Comment from : @Amirealestateinvest

Close out my Schwab accounts and divided my remains into gold coins, $100 bills into a plastic bury box that suppose to last 100 years and $1,000 in $20 bills in my apartment!😄👍
Comment from : @Agent77X

8 minutes
Comment from : @mperson1890

What if the money market fund custodian goes bankrupt?
Comment from : @pajatso1

SPIC, Charles Schwab is a terrible brokerage Etrade and Fidelity are much better
Comment from : @All-gp3tt

This is something I always worried about with our brokerage firm, knowing they weren't FDIC insured You gave me great peace of mind - thank-you!
Comment from : @kaseylv922

How about you sell a stock and that money ended up in the Schwab’s cash account temporarily before we buy next stock? If the firm go belly up, what will happen to that money?
Comment from : @rradhak

Great question that needs to be asked and audited regularly
Comment from : @tajdvl-advocate6113

Really good video thanks
Comment from : @fredost1504

What would happen? well it would never happen because the government will just print more money to back up the failing bank The only way a financial institution or the US Dollar fails is if you print so much that its value goes to zero
Comment from : @senatedocument2646

i understand the safekeeping, but how would you access them? sorry if this is a dumb question
Comment from : @davidsargsian4257

The government will bail them out with taxpayers' money
Comment from : @jmassey7125

I used to ask such questions, "What if the Dow went to zero?" "What if the banks failed?" "What if the dollar collapsed?" I now know if any of these happen there is not a thing to do Cash won't matter and neither will bullion since food and safety will be the primary concern All those panting to return to "Little House on the Prairie" will get their chance to "get close to the land" The one response we will never hear is, "Vanguard collapsed? Oh well, too bad"brbrI guess one option is spreading the risk - securities, property, art, bullion, etc but if we're being honest, if our financial system collapsed few would be debating on the price over the modern abstract in the great room
Comment from : @smb-zf9bd

Still confused, is my 6 month savings stash safer in a money market account at the firm who is also my brokerage, or not?
Comment from : @kimjellen4508

👍
Comment from : @MikeSmith-cl4ix

Thanks for this vid Supposing my brokers CUSTODIAN went under? Any risk there?
Comment from : @kdeuler

It's now 11am, and Schwab's servers are still down I haven't been able to log in all day I've had it with Schwab I'm closing down Schwab ASAP
Comment from : @danad5479

Rob: I am a 75 yr old triple retiree and have been interested in investing for over 50 years I started with buying Treasury notes through my employer and continued my investing by buying CD's After accumulating about $20,000 I invested with Dean Witter They were good but I didn't have a local broker since I moved around a lot in the military I used an independent investment agent who put me into a variable annuity insurance investment package which I learned afterwards wasn't a smart investment for me So finally, I went to Edward Jones Although the cost index was higher, I felt the company was a better fit for me as a novice investor I've gone from thousands to millions with their guidance Having said all that, and with the lessons I've learned, at my age do I still need an advisor or should I convert all my assets and buy only indexed equity and bond funds on my own? Thank you in advance
Comment from : @tomdschieffer3854

:)
Comment from : @nononnomonohjghdgdshrsrhsjgd

Great video thank you for the information!
Comment from : @eddievangundy4510

Brokerage account insurance of $500k
Comment from : @heythave

Timely info, thank you!
Comment from : @Red-n5r

I have money going into a retirement / 401k with vanguard and want to rollover some to Charles Schwab Vanguard charges an annual fee of $28 and Charles Schwab doesn’t they say but idk if this would be a good idea Can anyone help ?
Comment from : @Motivating_Minds07

Fiat fractional reserve banking is toxic slug
Comment from : @cramsa

What a great video
Comment from : @siXtomaXnoXmaneje123

If those go down, everything does So I'm not that worried Only time I'll stop investing is if the human race starts to decline, but I'm going to bet on that not happening lol
Comment from : @tatersncorn