The collapse of two major banks and talks of more bailouts has many investors flashing back to 2008. What would happen to my portfolio if my broker-dealer failed? Would I still keep my investments? Where exactly did my money go when I signed up with my financial advisor or opened a self-managed account with Vanguard or Schwab?
00:00 Intro
00:44 What banks do with your money
02:26 Bank protection FDIC limits
03:27 What broker-dealers do with your money
07:18 Broker-dealer protection SPIC limits
08:22 Conclusion
