Vanguard review

Is Vanguard Safe and Legitimate Brokerage Firm? Is Vanguard a Scam? Are Your Money, Assets and Investments Insured?

Is Vanguard Safe?

We are sometimes being asked the following questions: Is Vanguard a fraud? Is Vanguard safe to use, to keep money, assets and investments? Is Vanguard account SIPC/FDIC insured? The short answer - Vanguard is a legitimate, stable firm with long history. You can learn much more about their brokerage account in 2015 Vanguard Review.

Is Vanguard Insured And Regulated?

Vanguard is a member of SIPC (The Securities Investor Protection Corporation - SIPC® account protection is:

  • Accounts of Vanguard are insured by SIPC for securities and cash in the event of broker-dealer failure.
  • SIPC provides up to $500,000 of protection for brokerage accounts held in each separate capacity (e.g., joint tenant or sole owner), with a limit of $250,000 for claims of uninvested cash balances.

It means that brokerage accounts at Vanguard are insured in case of brokerage firm failure, very similarly to the way bank accounts are insured by the FDIC. The insurance is limited to $500,000 per customer, including up to $250,000 for cash.

Vanguard Group Of Investment Companies BBB (Better Business Bureau) Rating: A+

Total Closed Complaints - 45: Problems with Product/Service - 39, Advertising/Sales Issues - 0, Billing/Collection Issues - 5, Delivery Issues - 0, Guarantee / Warranty Issues - 1.

Read full Vanguard Group Review.

Updated on 7/23/2015.

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