TD Ameritrade is now offering an FDIC insured money market option which is yielding (albeit abysmally low!) a substantial amount MORE than the US Government money market option (which most Red Rock Wealth Management clients have). For this reason I’m moving all client money market options into the FDIC Insured Money Market account.
The FDIC Insured Money Market is a sweep fund, meaning money automatically flows in and out of the fund to earn maximum interest by keeping your money working for you.
It’s a good option to have and all clients will be taking advantage of it. You may notice some changes on your statements referencing this fact, please don’t hesitate to call or schedule a meeting to review.
Greg
