Fidelity to Push Advisor Clients Into Lower Yielding Cash Sweep Accounts
The company is changing a policy that will affect how much some clients earn on cash held in non-retirement accounts.
Think Advisor14d
Fidelity to Switch Advisor Custody Accounts to FCASH as Only Core Sweep Option
Next year, custody, non-retirement brokerage accounts will convert and default to Fidelity's FCASH sweep holding option.
Week’s Best: Fidelity’s Cash-Sweep Play
The move applies to grandfathered accounts overseen by independent financial advisors that had previously been exempt from ...
Financial Planning15d
Fidelity's client-cash plans draw industry ire
Starting next year, all of its existing RIA non-retirement clients' cash balances will be moved from higher-yield money ...
Financial Advisor IQ10d
Fidelity to Redirect RIA Client Cash to Lower Yielding Product
Fidelity is especially well positioned to avoid legal challenges against its sweep rate because FCash's 2.32% yield, which is ...
Yahoo6d
Week’s Best: Fidelity’s Cash-Sweep Play
Starting next year, Fidelity will put cash held in nonretirement brokerage accounts in its FCash product, which pays an interest rate less than half of some money-market accounts. The move applies ...
Barron's9d
Fidelity to Push Advisor Clients Into Lower-Yielding Cash Sweep Accounts
Beginning in 2025, Fidelity intends to move client cash held in nonretirement brokerage accounts overseen by independent financial advisors to FCash, the company’s in-house sweep account.