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| US Processing Solutions >> Equities / Mutual Funds / Options >> Securities Industry Software |
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FDIC - Insured Money Funds
Looking for a solution to provide your clients FDIC protection and high yields on their cash balances?
Broadridge's Securities Industry Software (SIS) can offer your firm an advanced cash sweep program that makes optimum use of FDIC insured money funds. FDIC insured products have been used successfully by the biggest brokerage firms for years because they generally offer better compensation from banks, and better rates for customers, over traditional money market sweep products.
The goal of cash sweep program is to enable regional broker-dealers to compete in this profitable arena. The FDIC insured program can be implemented by any firm, regardless of their current clearing or back office arrangement. In addition, your customers will have access to a full repertoire of cash management tools including check writing, debit and ATM cards, credit cards with loyalty program options, and internet bill pay.
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