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Hypothetical 401K-related
Posted on 7/22/19 at 8:34 am
Posted on 7/22/19 at 8:34 am
This may be a dumb question but what would happen if a large investment company like Fidelity or Vanguard went out of business? If you own shares in a fund managed by these companies, do you actually own shares in the fund's components and would these be recoverable?
2
Posted on 7/22/19 at 8:58 am to aileron
You mean like Merrill Lynch did in ‘08 and was acquired by Bank of America.
Some other company would either acquire them or SIPC would kick in.
Some other company would either acquire them or SIPC would kick in.
Posted on 7/22/19 at 9:35 am to aileron
I wouldn’t worry about it. Fidelity and vanguard have more money than the Catholic Church
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