Hatch provides access to the US share markets through our partner DriveWealth, a US regulated broker-dealer, and we do not hold any of your shares.
Citi (Citigroup Inc) is custodian of your shares and is headquartered in New York City.
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In the case of US broker insolvency, Securities Investor Protection Corporation (SIPC) protects against the loss of cash and shares held by a customer at a financially-troubled SIPC-member brokerage firm (which Hatch is). The limit of SIPC protection is $500,000 USD, which includes a $250,000 USD limit for cash.
Please note, when money is held in your Hatch account (non-invested), it is swept into a Money Market Fund stored in a money market fund with Dreyfus BNY Mellon. This is also protected under SIPC. ย
Note: The money you invest through Hatch is not insured against losses on the share markets.ย