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I've been wondering lately how to know if the companies managing my retirement funds are sound.

+3 votes
by (8.4k points)
I've been wondering lately how to know if the companies managing my retirement funds are sound. I have some in Ameritrade, American Funds, and I have used Robinhood for non retirement investing. How "safe" are these managers?  
I've been wondering lately how to know if the companies managing my retirement funds are sound.

2 Answers

0 votes
by (4.9k points)
I'm no expert on this but I think if a firm folds you still own the stocks.  
0 votes
by (6.8k points)
As long as the investments are FDIC or SIPC insured, you don’t have to worry about the broker you have them through.  
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