Talk of The Villages Florida - View Single Post - Who feels it necessary to keep their securities distributed among several brokerages?
Thread: Who feels it necessary to keep their securities distributed among several brokerages?
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Old 09-13-2023, 10:08 AM
manaboutown manaboutown is offline
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Originally Posted by spinner1001 View Post
The first three organizations in your post were investment banks. Schwab isn’t.

The fourth organization main business was options trading. Schwab isn’t.

Schwab is regulated, operated, and financed differently from those four so account-holder risks are not comparable. Schwab is a very different kind of company than those four others.
That is comforting, I hope... however from reading about the ups and downs his company has experienced since its beginning as revealed by Charles Schwab himself in his book I prefer to keep my securities spread among several wirehouses (including Schwab). I am sure every brokerage company has a history of ups and downs. After all, black swans and other unexpected events do occur from time to time.
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