Many nonprofit organizations have a cash reserve fund of which the primary objective is to take on limited risk. The secondary priority would be the amount of yield that fund is able to get. Considering these two concerns many nonprofits consider just two choices, they typically either put the money in a savings account which generates very little yield, or they can buy certificates of deposit (CDs) from a local bank. The shortcomings of both choices are typically low yields and an FDIC insurance of only up to $250,000. An additional problem with this way of managing a cash reserve account is the risk associated with holding all funds at one bank. The resources available to us at Duncan Williams Asset Management allow us to shop around many banks all over the nation to find the most competitive yields while also maintaining full FDIC insurance for clients invested in this program. We have seen increases in yield with our clients’ cash reserve funds while either maintaining or reducing the risk from a more comprehensive FDIC coverage. Our accredited staff can help your nonprofit organization make the most of its cash reserve account, giving you more resources to give back to the community.

By David Scully, CFA®, CFP®

President & Chief Investment Officer

IMPORTANT NOTICE:
You are now leaving the website of Duncan Williams Asset Management (“DWAM”) and will be entering the website for Institutional Intelligent Portfolios™, an automated investment management service sponsored by Schwab Performance Technologies (“SPT”) and available to you exclusively through DWAM.  DWAM is independent of and not owned by, affiliated with, or sponsored or supervised by Schwab.  Schwab has no responsibility for the content of DWAM’s website.  This link to the Institutional Intelligent Portfolio website should not be considered to be either a recommendation by SPT or a solicitation of any offer to purchase or sell any security.


Use HRX6 for the Advisor Program Key when creating your account.

Continue

×