Articles tagged "Flourish"
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eMoney and Flourish collaborate to gather assets by addressing client inertia with a new tool to sweep stranded, held-away deposits into higher yielding Flourish accounts
The Fidelity-owned software vendor's aim is to aggregate held away assets but will stay well clear of moving sweep cash or identifying choices.
September 18, 2024 at 3:58 AM
RIA annuities inflows were bigger billions in 2023 for DPL and RetireOne; now private equity will fuel at least three firms in 2024 -- including newcomer Flourish
The biggest driver of growth will be breakaway broker books of commission annuities that will transition as advisors move to fee-based and fee-only models.
February 7, 2024 at 2:36 AM
RIAs seek FDIC shelter for client cash in droves after Silicon Valley Bank meltdown with Betterment raising limit by $1 million
Firms are promising clients insurance on multi-million-dollar accounts, but banks face their own risk because brokered deposits aren't 'sticky,' expert says
March 24, 2023 at 4:58 AM
Vanguard is now several months into beta plan to offer head-turning, high FDIC-insured yields and capacity after 2019 scrapping left it flat-footed against Schwab and Fidelity
The Malvern, Pa., giant copied a new business model -- and co-opted many regional partner banks -- to go 2%-plus as part of a rethink of its 2019 decision to forsake bank cash accounts for money market funds.
October 6, 2022 at 3:53 AM
RIAs are drowning cash managers with 'silly' inflows as they line up for insured 3% yields -- the best port in the Federal Reserve's interest rate storm
The Fed's 'overarching focus' on killing inflation is giving life to StoneCastle, MaxMyInterest and Flourish Cash, which are built to do workarounds on FDIC limits at the best rates.
September 30, 2022 at 1:51 AM
MassMutual upgrades Flourish to trade and hold RIA crypto AUM, compete at a Coinbase level, on strength of Orion, Black Diamond, Tamarac tracking -- but big RIA client, Buckingham, says 'no thanks' to the offer, for now
The New York-based manager of $1 billion-plus of FDIC insured cash is banking on not getting ahead of the curve and getting crushed by Bitcoin ETFs down the road.
October 5, 2021 at 8:58 PM
The RIA and insurance worlds draw closer again as MassMutual buys Flourish, a digital bank with 350 RIA banking clients
The Springfield, Mass. life insurer, founded in 1851, gets the 2017-founded seller of FDIC-insured cash through RIAs in an atmosphere where RIA vendors and big insurers see more and more good in each other.
December 24, 2020 at 6:46 PM
Phones at RIA cash managers 'ring off the hook' amid yield crunch and MaxMyInterest pulls rabbit out of hat -- keeping rates on FDIC cash near pre-cut levels
Though StoneCastle, Flourish, and Galileo offer low rates, inflows soar higher because cash is king as Gary Zimmerman promises to keep Max soaring -- but B2C Wealthfront and Betterment banks? Not so much
