Cash Performance Account
Legent FDIC Insured Deposits
Reserve Funds Interstate Tax-Exempt Fund Class R
Reserve Funds US Treasury Fund Class R
“Since 2000, assets in FDIC insured sweeps have grown by 53% annually.”
-iMoneynet
Reserve Insights
Asset management accounts have become a staple for brokerage firms serious about capturing the majority of their clients’ assets. Legent offers comprehensive cash management services including an extensive selection of money market funds as well as an FDIC insured deposit product with coverage up to $1 million. As a complement to these sweep vehicles, Legent offers an array of banking and account management tools to help your clients conduct their personal financial activity and investment transactions more efficiently.
Checkbooks and debit cards can be customized with your firm’s name and logo to ensure that your corporate identity is promoted.
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Clients with Asset Management Accounts typically have average account values 2 to 3 times higher than regular brokerage accounts.
-2003 survey, SIA Asset Management Account Roundtable
The Reserve Cash Performance Account requires a minimum balance of $1,000 and features:
- Unlimited, no-minimum checking
- Payee capture – monthly statement lists check details including payee name
- No monthly account fee
- No charge for first 185 checks
- ATM cash access – no charge from Reserve
- VISA® Gold Debit Card ($10 annual fee)
- Rewards programs
The Reserve Cash Performance Account “Plus” requires a minimum balance of $5,000 and offers your clients everything a Reserve CPA has in addition to these upgrades for just $5 a month:
- No charge for checkbooks or reorders
- Personal expense coding on every check to facilitate financial planning and tax preparation
- Free VISA® Platinum Debit Card
The Reserve Automatic Asset-Builder Plan and Automatic Transfer Plan provide more flexibility to your clients’ accounts. They can choose any of the following features:
- Direct deposit of payroll or pension checks into Reserve account
- Automatic deposit of social security, pension, veterans’ or any government benefits into Reserve account
- Automatic transfer plan on a regularly scheduled basis
- Automatic distribution of dividends or a fixed amount to a predesignated recipient
- Automatic bill paying (mortgage, insurance, utility payments, etc.)
Product Literature