DF-Direct custodies all client cash and securities with DriveWealth LLC.
All Accounts established at DriveWealth are currently eligible for the FDIC Bank Sweep. DriveWealth’s Cash Management Program will default to the FDIC Bank Sweep as the election for your Account. FDIC coverage protects cash in the FDIC Bank Sweep up to $250,000 at each FDIC-insured bank.
DriveWealth LLC is a member of the Securities Investor Protection Corporation (“SIPC”). SIPC currently protects the securities in your Brokerage account up to $500,000.
