Where are your funds held?
When you onboard to Wealth, we create a brokerage account in Alpaca, a US-registered broker-dealer, regulated by FINRA. Your funds are custodied in the United States under strict regulatory oversight.
Are your funds insured?
Yes. When you open a Wealth account, your investments are protected by the Securities Investor Protection Corporation (SIPC), insured up to $500,000. This covers reimbursement in the event of broker-dealer insolvency. This insurance is automatically included, you don’t need to take any action to activate it.
Note that SIPC protection does not cover losses due to market fluctuations.
Is DolarApp regulated?
Yes. DolarApp is registered with the SEC as an investment advisor. This means we comply with all compliance obligations related to information security, anti-money laundering (AML), data protection, among others, as required by US regulatory bodies.