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Thanks; I did not know that. I perceive that a mature brokerage would be more likely to be covered in the event of a "bailout" – are there any other advantages

Thanks; I did not know that. I perceive that a mature brokerage would be more likely to be covered in the event of a "bailout" – are there any other advantages, e.g. 24x7 customer service via phone, including ability to place orders and receive immediate confirmation even when website is down?

toomuchtodo 7y ago
Considering Robinhood's website instability, and their total lack of customer service, any mature brokerage would be a better option. Some (Fidelity, Schwab) even have branches you can walk into to get help if necessary. Schwab has $3.25 trillion assets under management (AUM), for example. If that isn't "too big to fail", I don't know what is. Disclaimer: Satisfied Schwab customer, no other relation