All Your Eggs in One Basket: Assessing the Risk of Using Just One Fund Company or Brokerage
Financial fraud, hacking, and stewardship concerns all factor into the decision.
As investors, we're well aware of the different kinds of risks we must face: from market risk to credit risk to interest-rate risk ... the list goes on and on.
But in addition to the risks inherent to owning specific investments are the risks inherent to investing itself. After all, the legacy of the 2008-09 financial crisis includes not only the fact that the markets tanked, but that the entire financial system--including many financial-services firms--seemed to be on the verge of collapse.
Adam Zoll does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.