Yes. If you manage $1.2M you need to be smart enough about managing it, or have some smart people advising you. I don't manage $1.2M yet I know there's a limi

Yes. If you manage $1.2M you need to be smart enough about managing it, or have some smart people advising you. I don't manage $1.2M yet I know there's a limit on FDIC insurance. If you manage $1.2M and you don't know that, maybe the people who gave you $1.2M made a mistake.