invest1 publisher
Save offers more than 16,000 Schwab-custodied RIAs a cash product that risks only the interest
Save opened Market Savings, a cash product that risks only the interest, to more than 16,000 RIAs that use Schwab as custodian. Schwab takes part of the advisor fees on that cash, though a $100,000 minimum keeps the product small next to its $485.7 billion in sweep balances.
Publishers:americanbanker.com
Reality
- Evidence45
- Adoption
- Insufficient
- Hype gap+15
- Incentives75
- Confidence50