Reich & Tang + Total Bank Solutions
Reich & Tang is a leading provider of FDIC insured cash sweep programs offered through sponsoring banks, broker-dealers, trust companies, and clearing platforms. Through its FDIC programs, the firm provides banks with the most strategic balance sheet management programs that enable them to precisely control balance sheet liquidity levels on any given day. Additionally, the firm provides bank trust/wealth managers with a multi-million dollar FDIC insured alternative to money market mutual funds. The program enables mangers to offer clients high levels of FDIC insurance, potentially improve yields on cash balances, decrease market risk away from money funds, and enable the bank to access trust cash balances as an immediate source of funding for the bank.