Many major brokerage firms in recent years have eliminated higher-yielding money-market funds as a sweep option, pushing customers into lower-yielding bank sweep accounts. Often, the cash is routed to ...

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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 ...

As commissions drop precipitously, brokerages have to make money somehow, and regulators are zeroing in on one way they’re trying to do it – profiting from managing client cash. In its recently ...

Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...

In “olden” days, or at least up until the mid-1990s, the Glass-Steagall Act prohibited commercial banks from owning or operating brokerage firms, and equity trades required five days to settle. Since ...

Long maligned by investors, cash sweep accounts that offer very low interest rates have been getting hit from all sides of late, whether it’s in the form of lawsuits, regulatory fines or the exodus of ...

Sweep accounts require some additional overhead for financial institutions, and that cost may be passed down to account holders. Some ICS accounts charge a monthly fee, while others simply take a ...