Money Market Sweep
Choose the sweep option that's right for you
Legent Clearing offers the clients of our introducing broker-dealers the ability to sweep uninvested cash into an income producing investment. We currently offer several choices of Money Market Mutual Funds that are managed by the Reserve Management Corporation as sweep Investment options.
They have the option of choosing between the Legent FDIC Insured Deposit Account (“FDIC Sweep”), the Reserve Funds Interstate Tax-Exempt Fund Class R or the Reserve Funds US Treasury Fund Class R. Additional funds are available, but minimum balance requirements do apply.
- Legent FDIC Insured Deposits
- Reserve Funds Interstate Tax-Exempt Fund Class R
- Reserve Funds US Treasury Fund Class R
View The Reserve® Broker PerspectivesFor more information on additional Money Market Funds, please contact us at 1-800-811-3487.