What If Vanguard Goes Bust?

I have 100% of my investing money Inside of vanguard, so a good question to ask and asnswer is this, what would happen if vanguard went belly up, aka bankrupt.

And I should add that before I use to invest my money with funny broker, doing a lot of weird stuff and trying to keep up with all the new trends, and then I switch to vangaurd completely.

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First lets talk about the good

Vanguard is 48 years old and it basically started the index fund ( John C Bogle )

It has 7.2 Trillion dollars under management

Its one of the lowest fee charging companies, and it because it literally for us, beucase we pay them to manage everything, so the more they save us, the more we have to invest and the more they have to make

It has SIPC insruance up to 500k

And it has impecable customer service

Those all the reason that investing with them

They are big

Cheap

And trustworthy based on their record

What if they go Belly up

Vanguard it self is a company, and where your money is held is a separate company that is also managed by vanguard

So if vanguard goes boom, the company, your money is still safe and solid

Its still a headach to have to wait to get your money back

The process would look like this:

They go bankrupt

You have to wait to get your money back

Or you could transfer yoru money to another provider

However:

To have a person do all this work of transfer peoples money and so on

This will have a cost associated

Which then they woul dhave to use customers money to cover the administartion cost

But the fInancail Seviecs Compensation Scheme could give you back this cash used for that

Extra info:

Any cash you hold with cangaurd is held in a bank in a trust account

The point is this

If vanguard goes belly up you are solid

But the events that could lead a company like this to belly up should be the things causing you a lot of wonder

But I do want to add that whenever a industry experiences a lot of problems the big ones tend to survive

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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