RIAs are drowning cash managers with 'silly' inflows as they line up for insured 3% yields -- the best port in the Federal Reserve's interest rate storm
The Fed's 'overarching focus' on killing inflation is giving life to StoneCastle, MaxMyInterest and Flourish Cash, which are built to do workarounds on FDIC limits at the best rates.
Author Oisin Breen September 30, 2022 at 1:51 AM
Mentioned in this article:
Top Executive: Gary Zimmerman
Asset Manager for RIAs
Top Executive: Dan Farrell