Yes. Acorns Securities is a Member of the Securities Investor Protection Corporation (SIPC), which means all of our customers' investments are protected up to $500,000 (including $250,000 for claims for cash).
SIPC is a non-profit organization that was established by the federal government in 1970. It's there as a safety net for the customers of SIPC members, like Acorns.
If you have investments in an account with a company that's a member of SIPC and that investment company has financial difficulties, SIPC will restore your funds to you, up to $500,000.
SIPC doesn’t protect your investments from the normal ups and downs of the stock market — by nature, investments carry some level of risk. The $500,000 of protection against a worst-case scenario with your brokerage firm should help offer some peace of mind.
You can learn more about how it works at www.sipc.org.