To keep your spare cash growing, consider placing it in a high-yield savings account or investing in securities with strong return potential. Letting your money sit idle is a missed opportunity to ...

When interest rates started to rise a couple of years ago, it was a bonanza for wealth management firms, which could make extra interest off client money parked in short-term overnight bank accounts.

Bank of America has been hit with a new class action over its cash sweep program, with a New Jersey resident accusing the bank of automatically sweeping money into accounts with unreasonably low ...

To keep your spare cash growing, consider placing it in a high-yield savings account or investing in securities with strong return potential. Letting your money sit idle is a missed opportunity to ...

The Securities and Exchange Commission has formally concluded its investigation into Morgan Stanley’s advisory cash sweep program without pursuing any enforcement action, according to a regulatory ...

It will be a red flag for regulators if an advisor is charging a fee that is higher than what a client is earning in sweep accounts, Max Mejiborsky, VP of Compliance Services at COMPLY said.

The SEC is looking into Morgan Stanley’s cash sweep programs, according to the regulatory report the wirehouse filed Monday with the regulator. The firm’s quarterly filing states that it has been ...

Very few wealth management firms are willing to engage with questions about their cash sweep programs, even though they represent about $1 trillion in client holdings across the industry. Two experts ...

Coming on the heels of the share class initiative, 1 the US Securities and Exchange Commission (SEC) is at the initial stages of another initiative involving concerns about adviser disclosures and ...

Are the deposits at my bank FDIC-insured? Deposits held at FDIC-insured depository institutions are insured up to $250,000 per depositor for deposits held in the same “right and capacity” (see below).