When you invest with Vest, all your investments are made through a Broker monitored and supervised by regulatory entities in the United States.
Regulated Broker
Securities trading is carried out through Northbound Securities LLC, an affiliate of Vest.
FINRA Regulation: Northbound Securities LLC is a member of the Financial Industry Regulatory Authority, Inc. (FINRA), the US institution responsible for regulating the trading of securities in the US market. You can check the background of Northbound Securities LLC on the FINRA BrokerCheck finder.
Clearing and Custody
Northbound Securities LLC uses DriveWealth, LLC as its clearing and Custodian provider. DriveWealth is the entity responsible for processing transactions and safeguarding your assets.
Insurance Coverage: Standard SIPC + Excess SIPC
DriveWealth has strengthened asset protection, ensuring one of the highest levels of protection in the industry through Excess SIPC Insurance coverage:
Standard SIPC Protection: Securities in your account are protected up to $500,000 USD (including $250,000 USD for cash claims).
New EXCESS SIPC Coverage: DriveWealth has secured additional protection that extends coverage to:
Up to $49 million USD in securities per individual account.
Up to $1 million USD in cash per individual account.
The total coverage per individual account amounts to $50 million USD.
This expanded protection underscores our ongoing commitment to the security of your platform.