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 ...

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 ...

When interest rates started to rise a couple of years ago, it was a bonanza for wealth management firms, which could make extra interest off client money parked in short-term overnight bank accounts.

National Financial, Fidelity Investments' clearing unit, has started a program that enables retail broker/dealers to deposit or "sweep" cash in their customers' eligible brokerage accounts into ...

After UBS altered sweep account policies Monday, two money market funds that had been available in the company’s cash program reported net outflows of $5.6 billion. In changes approved in September by ...

You might not think about the idle cash in your brokerage account very often. But behind the scenes, your money may be earning your brokerage company a lot more interest than it is earning you. Cash ...

Dear John: Charles Schwab is trying to pocket the spread between the higher rates for Treasury bills and the lower rate offered by Bank Sweep products. A “valued customer” gets 15 basis points in a ...

Dear Mr. Berko: Charles Schwab is forcing all customers out of sweep money market funds and into bank accounts. My current sweep account pays 0.88 percent, and the bank account pays a lousy 0.1 ...