Is investing in Yieldstreet safe?

While Yieldstreet is regulated by SEC, it has been under investigation by the SEC and FBI. A lawsuit has also been filed against the company following investors losing more than $100 million through misleading information.

Is Yieldstreet under investigation?

In 2020, both the SEC and FBI investigated Yieldstreet's practices and how it interacted with customers. Then in July 2022, a lawsuit was brought against Yieldstreet by investors that had lost over $100 million in high-risk defaults and misleading information around alternative investment products.

Is Yieldstreet FDIC insured?

Investments made into your Yieldstreet wallet are insured because this wallet is an account held with Evolve Bank & Trust, which is insured by FDIC. Funds up to $250,000 in any individually-owned account will be covered. However, investments made into the Yieldstreet Prism Fund are not considered bank deposits and are therefore not insured by the FDIC and not guaranteed by Yieldstreet or any other third party.

Which is better, fundrise or Yieldstreet?

The platform that best suits you depends on your investment goals as both platforms differ. Fundrise supports investments in real estate. Meanwhile, Yieldstreet can help you diversify into alternative assets such as art, multi-asset class funds as well as real estate.

Can I open a Yieldstreet account as an international investor?

No. Yieldstreet says it hopes to support international investors soon but there's no indication when this will be. It is currently only offered to US residents over the age of 18.

Can I invest on Yieldstreet with a third-party self-directed brokerage account?

Yes. But your brokerage account must be ACH compatible and not all accounts are eligible. Speak to Yieldstreet before you attempt to sign up with a third-party brokerage account to ensure it'll work.

How do I verify my status as an accredited investor?

To verify that you're an accredited investor, you must provide a 1040, W2, K1 or 1099 form.

Is it possible to add a beneficiary to my Yieldstreet account?

Yes. You can designate a beneficiary of your active Yieldstreet investments from the User Profile page of the platform.

Home Authors Helen Champion

Helen Champion

Writer

Helen Champion was an associate editor at Finder. She has worked in communications for over 16 years and currently writes on a range of topics including insurance and money transfers in the hope of empowering people to make better financial decisions. During her broadcast career, she helped to produce hundreds of news and breaking news reports for Associated Press TV and ITV News. And in public relations, she managed several high-profile public relations campaigns for Macmillan Cancer Support, the General Medical Council and overseas for Qatar Foundation on behalf of BLJ Worldwide. Helen has a Bachelor of Arts in Journalism from the University of Lincoln, a passion for practising karate in the dojo and a deep love of making mischief with her sons.