Do I own my Portfolio?
C
Written by Chanel
Updated over a week ago

Yes you do!

Just like owning a share, you’ll be paid dividends (as applicable) and you’ll have a say in its direction when called to vote.

All your holdings and cash are registered in your name in a segregated account and are insured for up to $US500,000 under SIPC insurance.

For those in the know, we use Custodians as shares in the US are held on a books and records basis. As opposed the CHESS/HIN system here in Australia, which means you do not get a HIN or similar number. So in this case, DriveWealth manages the books and records for your accounts with ETC and ICBC providing the security.

Did this answer your question?