What is a Cage?
A cage is a department in a brokerage firm.
How Does a Cage Work?
The cage is a physical location in which people at a brokerage firm handle physical securities and certificates. The location is called a cage because it usually has bars or other barriers to prevent other people from entering and exiting, and it usually has a vault.
Why Does a Cage Matter?
The cage is a crucial part of any brokerage firm's operations because it ensures that clients' physical certificates are kept safe and sound, and that the right securities are exchanged in transactions.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
