as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
should i have more than one brokerage account?
user
i believe the answer here is no: sipc protection of customers with multiple accounts is determined by "separate capacity." each separate capacity is protected up to $500,000 for securities and cash (including a $250,000 limit for cash only). accounts held in the same capacity are combined for purposes of the sipc protection limits. so even having 2 individual accounts - you would only be covered for $500,000/$250,000. you can see more about the type of accounts that would give your more coverage here. also note: if you own a stock - the record probably exist.  therefore you would not lose your ownership or shares.  the sipc is there to protect the times this does not happen.
assistant