Is Your Money WIth TD Ameritrade and Charles Schwab Safe?

In This Video:

The Silicon Valley Bank collapse has many listeners worried about the health of other banks like Charles Schwab and TD Ameritrade. On this episode, I want to address the safety concerns you and others may have about your investment accounts with TD Ameritrade and Charles Schwab.

Things to COnsider:

In the wake of the Silicon Valley Bank and Signature Bank collapses Charles Schwab Brokerage Company has been in the news because there is speculation they made similar long-term high-quality bonds investments that could lead to another bank failure. Banks need to raise more capital anytime bonds decrease in value. Silicon Valley Bank attempted to raise capital by issuing more stock, hoping to right the ship. But this move spooked savers and investors, which created a run on the bank and its subsequent collapse.  That said, Charles Schwab is unique because it’s a brokerage firm first. If you want to understand the difference then I’d recommend giving this episode a watch.

Key Points in this video:

0:00: Intro

0:48: Why Are People Concerned?

1:48: Schwab’s Response to These Concerns

4:39: What Safeguards are in Place?

7:41: Results of Similar Events in the Past