Upcoming Changes To Schwab Money Markets

By Mari Adam on March 26, 2018 in Company & Community News, Investing

Our Schwab clients will shortly see changes to their money market accounts.

Clients will be moving to Schwab’s Bank Sweep feature, which allows uninvested cash to earn interest, enjoy FDIC-insured protection, and remain readily accessible for purchasing investments and managing daily expenses.

At many brokerage firms including Schwab, money market funds and cash sweep accounts were redesigned after the 2008 financial crisis to provide investors with additional protections and ensure continued access to stable, $1-per-share money market funds or cash sweep solutions to meet cash management needs.

FDIC insurance protection is a benefit many clients will appreciate. Additional details on the new bank deposit feature can be accessed by logging on to Schwab Alliance or by visiting schwab.com.

Related

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

View all posts by Mari Adam →

Subscribe to our updates

Stay informed about financial planning and investing issues that impact your life today and tomorrow! (we respect your privacy)

Charles Schwab money markets, money market reforms

← Quote Of The Week: What Makes Women Great Investors

Getting The Market Low Down →

No comments yet.

Leave a Reply Click here to cancel reply.

Adam Financial Associates, Inc.
Crystal Corporate Center
2500 N. Military Trail, Suite 306
Boca Raton, FL 33431
561-417-0001
adamfinl.com

Adam Financial Associates is a tradename. All services provided by Adam Financial Associates investment professionals are provided in their individual capacities as investment adviser representatives of Mercer Global Advisors Inc. (“Mercer”), an SEC registered investment adviser principally located in Denver, Colorado, with various branch offices throughout the United States doing business under different tradenames, including Adam Financial Associates. All expressions of opinion reflect the judgment of the author as of the date of publication and are subject to change. Some of the articles, research and ratings shown in this presentation come from third parties that are not affiliated with Mercer Advisors. The information is believed to be accurate, but is not guaranteed or warranted by Mercer Advisors. Content, research, tools and stock or option symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. For financial planning advice specific to your circumstances, talk to a qualified professional at Mercer Advisors. Past performance may not be indicative of future results. The articles and opinions in this publication are for general information only and are not intended to provide specific advice or recommendations for any individual. Entire publication © 2021 by Adam Financial Associates, Inc. All rights reserved.