The credit crisis has eased some but the wake of destruction through the investment banks was tremendous.  If your brokerage has died, been bought out or merged with a bank, you might be interested in the financial strenght of Charles Schwab & Co. Schwab Institutional has put together a package outlining the current financial strength of Charles Schwab.

You can view the PDF file Schwab Financial Strength

additional information can be found at the Charles Schwab website.

We believe that Schwab is financially strong.  Their practices and risk management appear sound.  Our investments are held by them and therefore whatever risk is there is shared by us.

If you have any questions do not hesitate to call us at 478-743-902 or Contact Us by Email

To better understand the government backed insurance programs for our financial markets, please visit these links FDIC and SIPC.  The difference between these two government backed insurances is that the FDIC insurance covers depository banks while the SIPC covers borkerage firms.  Charles Schwab also has Lloyds of London as an additional insurer.

As a note about Credit Unions, most of them also have government back insurance through  NCUA.  While there are a few differences between the FDIC and the NCUA they still both have the $250,000.00 limits on account coverage until December 2013.