To keep your spare cash growing, consider placing it in a high-yield savings account or investing in securities with strong return potential. Letting your money sit idle is a missed opportunity to ...

Money market mutual funds are funds based on low-risk investments in short-term, high-quality debt. They’re highly liquid, earn better returns than savings accounts and are often used in brokerage ...

Several brokers are under scrutiny for how they handle and make money on idle cash in customer accounts. Carrie Pallardy has more than nine years of experience writing about a range of topics, ...

The financial advice industry’s skirmish over cash sweep accounts is taking another turn, with clearing giant Pershing evaluating plans to create a new charge, akin to a tax, on cash held by its ...

Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle Securities and Exchange Commission charges that they failed to pay advisory ...

LPL is the second large advisory firm to see the SEC drop its investigation into cash-sweep practices, while it and other ...