SIPC
SIPP INDUSTRIES INC NEW
stock OTC

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*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

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even with their supplementary SIPC coverage?

I would agree... If as Fidelity's website says: "Total aggregate excess of SIPC coverage available through Fidelity's excess of SIPC policy is $1 billion." AND "Fidelity Investments manages **$7.1 trillion in managed (discretionary) assets** and holds **$18.0 trillion in total assets under administration (AUA)**."
Something I have always wondered...
The 1B of aggregate coverage (based on what Fidelity manages) would seem to be roughly 0.0014% of total assets held by Fidelity. If I am doing my math right, the total excess coverage is about 1 1/2 THOUSANDths of a percent of overall coverage.
In terms of the 18T total assets under administration, I think it is a bout 0.005% of AUA. AKA 1 five-thousandths of one percent.
Granted, it is tough to know now far the $500K for each individual's type of account is going to cover. Not every customer has $500K in each type of their accounts.
u/FidelityLizG, why is the overall excess coverage amount such a small part of Fidelity's MA and AUA? Is the coverage of such a small percentage meaningful? What am I missing? Am I misunderstanding what "aggregate" means in this case?

SIPC coverage won’t cut it… hence the concern

Think in terms of SIPC coverage. As net worth exceeds SIPC coverage, more brokers is ideal, but I'm only going to use the big 3. So I try to do NW/3.

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*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

I have a Fidelity account which was used to buy shares from Kellanova with a discount (Employee Stock Purchase Plan). Since Kellanova was sold to Mars Incorporated, all my shares were sold mid December 2025 and I must decide if I transfer the cash on my core position of my Fidelity account to a Belgian bank account or keep it in my Fidelity account for a while, since the dollar to euro valuta conversion is currently not in my favor.
I noticed I receive monthly dividends on my core position, coming from the FID Treasury Only MMKT Fund CL OUS (FYIXX) so from that point of view it looks interesting to keep my cash in the Fidelity account as long as I don’t need it.
Is it safe to hold my cash in the Fidelity account, and how is it protected for me as a non-US resident?
Do I have to pay taxes on these dividends or not?
Is SIPC coverage applicable for my situation?
Or is FDIC applicable?
I’ve read that some situations are not covered by SIPC, so I’m wondering for example if my situation could be considered as ‘foreign exchange trading’ or not, as this is a listed exception.

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Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
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This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #5: **no spamming**.
Do not post the same message in a short time frame or comments that are unrelated to the discussion. We review every post and comment on this sub, so it may take a moment for us to reply. Duplicate posts will be removed.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This was removed for violating rule #10: **keep posts within the scope of customer care, market news, or general investing discussion**.
The focus of this community is investing education and Fidelity customer care, including discussions about money movement, transfers, and trading. This sub is not intended to address inquiries that go beyond the scope of normal service.
Please consider if your question is one you’d ask to a Fidelity support representative. Off-topic posts may be removed.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

Heard the US government through the Securities Investor Protection Corporation (SIPC), guarantees up to $500k if the brokerage becomes insolvent. Is it safe to have over $2,000,000 in only one brokerage?