... clients who hold cash are moving to FDIC insured aggregation accounts.
There are a few services that offer FDIC insured account aggregation across many banks thus allowing for FDIC coverage for several million dollars from a single depositor. We discovered a custodial cash management account that has simplified the complex task of earning higher interest rates while not exhausting FDIC insurance limitation and is liquid. The custodial account is available for deposits over $1 million. This account is available to corporations, endowments, foundations, pensions, institutional investors. It is quite possible to have FDIC coverage in the $10’s of millions. Just to be clear, we earn a placement fee which does not impair the net crediting rate. If this is interesting to you or your firm send an email to
BavelasGroup LLC, and we will send along the details.
Hedge fund professionals are the modern royalty of finance. A new book reveals the secrets of dealing with the uberwealthy of the hedge fund community.
Wealth Manager Magazine: Peer-to-peer groups for the ultra wealthy raise the bar for wealth managers, July 1, 2007
Wary Of Wall Street and The Hard Sell, Some ultra-wealthy private investors are seeking another path by connecting with one another to manage money and share knowledge and advice
