BNY Pershing’s intention is to sweep the first $10,000 held in a broker-dealer or RIA’s customer’s account into a money market fund or similar cash product that it controls. The interest rat ...

SEC complaint charges RIA with fiduciary breaches over client assets invested in mutual funds and money market sweep funds ...

According to the 2022 complaint, Cambridge’s RIA had since 2014 put clients in “no-transaction fee” mutual funds and money market cash sweeps that juiced revenue for the broker-dealer from clearing ...

Many individuals maintain a savings account to keep their funds safe and accessible. However, a significant amount of money ...

Learn more about whether BancFirst Corporation or Enterprise Financial Services Corp is a better investment based on AAII's ...

Learn more about whether Bank OZK or Zions Bancorporation, National Association is a better investment based on AAII's A+ ...

Thrivent Financial for Lutherans reduced its stake in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP – Free Report) ...

Don’t confuse money market mutual funds with brokerage sweep accounts, though both are offered by investment providers. Interest rates on brokerage sweep accounts, which hold investors’ cash ...

Professional advice Good research and analysis Automatic cash sweep account Ability to link outside accounts Weak trading platforms and amenities T. Rowe Price's brokerage account doesn't compare ...

As a nationally recognized personal finance writer for the past decade, Jacob Wade has written professionally about banking and other consumer topics for Investopedia, Money.com, The Balance ...

It also offers enhanced FDIC insurance up to $125 million; if you choose to opt in, your money will be put into an insured cash sweep account and stored in multiple banks. The bank has an A+ ...