DriveWealth is committed to safeguarding our partners and their customers. We are pleased to announce that DriveWealth has secured Excess SIPC insurance to provide additional protection beyond the standard Securities Investor Protection Corporation (SIPC) coverage.
Under this new protection:
- Up to $49 million in securities coverage per single account
- Up to $1 million in cash coverage per single account
- $50 million total coverage per single account
- $150 million aggregate coverage across all accounts
This enhanced protection underscores our ongoing commitment to building trust, security, and resiliency into every aspect of our platform. With this milestone, DriveWealth partners can provide their customers with even greater confidence when investing in U.S. securities.
Building a Broader Foundation of Safety
Excess SIPC coverage builds on our recent expansion of FDIC insurance coverage, ensuring that both cash and securities held through DriveWealth benefit from some of the highest levels of protection in the industry. Together, these measures reflect our mission to provide a secure, resilient foundation for global investing.
About DriveWealth:
DriveWealth is a global B2B financial technology platform. Our core business is providing Brokerage-as-a-Service, powering the investing and trading experiences for digital wallets, broker-dealers, asset managers and consumer brands. DriveWealth’s APIs provide our partners with a modern, extensible and flexible toolkit to develop everything from traditional investment workflows to more innovative techniques like rounding up purchases into fractional share ownership. DriveWealth, LLC is a registered broker dealer, member of FINRA and SIPC. Visit legal.drivewealth.com for full disclosures.
