Asset management accounts are protected by the Federal Deposit Insurance Corporation.

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Asset management accounts are not protected by the Federal Deposit Insurance Corporation (FDIC). FDIC insurance generally applies only to deposit accounts such as checking and savings accounts, and certificates of deposit (CDs) held at FDIC-insured banks. Asset management accounts may offer additional protection through Securities Investor Protection Corporation (SIPC) insurance or other private insurance, but it's important to check the terms and limitations of any insurance coverage before opening an account.

Asset Management Accounts Are Protected by the Federal Deposit Insurance