The custodian, Apex Clearing Corporation, has been around for 20 years. Client assets are insured by Apex’s Securities Investor Protection Corporation (SIPC) insurance, for $500,000 for each individual account. SIPC account insurance does not cover market losses.
Of course, having an investment account involves market risk which means that your account balances may increase and decrease over time and in fluctuation with investment market conditions. Clients should understand that investing in securities involves risk of loss.