Starting next year, all of its existing RIA non-retirement clients' cash balances will be moved from higher-yield money ...

The company is changing a policy that will affect how much some clients earn on cash held in non-retirement accounts.

The move applies to grandfathered accounts overseen by independent financial advisors that had previously been exempt from ...

Next year, custody, non-retirement brokerage accounts will convert and default to Fidelity's FCASH sweep holding option.

Fidelity is especially well positioned to avoid legal challenges against its sweep rate because FCash's 2.32% yield, which is ...

Beginning in 2025, Fidelity intends to move client cash held in nonretirement brokerage accounts overseen by independent financial advisors to FCash, the company’s in-house sweep account.

Starting next year, Fidelity will put cash held in nonretirement brokerage accounts in its FCash product, which pays an interest rate less than half of some money-market accounts. The move applies ...