Your accounts benefit from Securities Investor Protection Corp (SIPC) insurance carried by our custodian bank, Apex Clearing Corporation. SIPC is a non-profit organization created to protect customers of brokers and dealers from loss in the case of financial failure of that broker or dealer.
SIPC insurance covers a loss of up to $500,000 worth of securities for each type of account held at Farther and up to $250,000 in cash. In addition, Apex has acquired excess SIPC insurance to provide an additional $150m in coverage for all of its clients.
Farther is a well-capitalized registered investment advisor, but in the unlikely event we were to go out of business, your accounts and investments would be unaffected and would remain safely held at Apex. You could then transfer your funds or keep your accounts there.