diff --git a/CHANGELOG.md b/CHANGELOG.md
index 90bb3a275..03ee8091b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Added
 
 - Added `url` to the symbol profile overrides model for manual adjustments
+- Added default values for `countries` and `sectors` of the symbol profile overrides model
 
 ### Changed
 
diff --git a/package.json b/package.json
index 6791763c9..c3e1e9b2a 100644
--- a/package.json
+++ b/package.json
@@ -26,6 +26,7 @@
     "database:push": "prisma db push",
     "database:seed": "prisma db seed",
     "database:setup": "yarn database:push && yarn database:seed && yarn database:baseline",
+    "database:validate": "prisma validate",
     "dep-graph": "nx dep-graph",
     "e2e": "ng e2e",
     "format": "nx format:write",
diff --git a/prisma/migrations/20220808191912_added_default_value_for_countries_of_symbol_profile_overrides/migration.sql b/prisma/migrations/20220808191912_added_default_value_for_countries_of_symbol_profile_overrides/migration.sql
new file mode 100644
index 000000000..3b1702f10
--- /dev/null
+++ b/prisma/migrations/20220808191912_added_default_value_for_countries_of_symbol_profile_overrides/migration.sql
@@ -0,0 +1,2 @@
+-- AlterTable
+ALTER TABLE "SymbolProfileOverrides" ALTER COLUMN "countries" SET DEFAULT '[]';
diff --git a/prisma/migrations/20220808192002_added_default_value_for_sectors_of_symbol_profile_overrides/migration.sql b/prisma/migrations/20220808192002_added_default_value_for_sectors_of_symbol_profile_overrides/migration.sql
new file mode 100644
index 000000000..3b11db82d
--- /dev/null
+++ b/prisma/migrations/20220808192002_added_default_value_for_sectors_of_symbol_profile_overrides/migration.sql
@@ -0,0 +1,2 @@
+-- AlterTable
+ALTER TABLE "SymbolProfileOverrides" ALTER COLUMN "sectors" SET DEFAULT '[]';
diff --git a/prisma/schema.prisma b/prisma/schema.prisma
index 12eb5690d..6009f4544 100644
--- a/prisma/schema.prisma
+++ b/prisma/schema.prisma
@@ -133,9 +133,9 @@ model SymbolProfile {
 model SymbolProfileOverrides {
   assetClass      AssetClass?
   assetSubClass   AssetSubClass?
-  countries       Json?
+  countries       Json?          @default("[]")
   name            String?
-  sectors         Json?
+  sectors         Json?          @default("[]")
   url             String?
   symbolProfileId String         @id
   updatedAt       DateTime       @updatedAt