What if online broker disappears?

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EmaxisSlim Cultist
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Re: What if online broker disappears?

Post by EmaxisSlim Cultist »

anroy wrote: Thu Nov 25, 2021 1:49 am Thanks all. :)
Your investments are held in your name. e.g. Shares or Mutual Fund units you hold.
I suspect there would need to be a process to move those to another brokerage.
This is the topic I mainly had in mind when I wrote the post. I wouldn't know where to start, or even who to contact. For stocks, would it be the company whose stock it is? And for ETFs / Mutual Funds, the company whose financial product it is?
The relevant government agency assumes control. Guidance would be published.

It would probably take some time for the dust to settle, and your shares and vehicles to be sent to another broker

Long term passive index investors would most likely be fine.
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