The addition enables independent advisers to offer family offices and high-net-worth clients a cash-management solution that combines Federal Deposit Insurance Corporation (FDIC)-insured deposits with market-linked return potential.
Houston-based Save Advisers, an SEC-registered investment adviser and cash-management platform, said its 'Market Savings' programme is now available to independent advisers through Schwab Marketplace. Market Savings places client deposits in accounts held at participating banks The programme is aimed at family offices, high-net-worth investors and other clients seeking to keep substantial cash balances liquid while pursuing returns linked to financial markets. Market Savings places client d