ICS® for Brokerage Firms
With ICS, or Insured Cash Sweep®, brokerage firms can
- attract new customer relationships and continue to increase assets under management by offering access to multi-million-dollar FDIC insurance on funds placed into deposit accounts;
- increase market share by encouraging existing safety-conscious depositors to consolidate their investments with your firm;
- offer an alternative to money market funds;
- offer daily liquidity; and
- earn fee income.