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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
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Frank Bonanno: Cash as an asset class is back.

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