Beginning October 2016, SEC-mandated reforms will go into effect, imposing floating NAV rules, fees, and gates on certain types of money market funds.
We encourage advisors and money managers to begin preparing for these changes given the time involved with the transition period and shareholder approval. Evaluating current investments, regulatory impact, and potential alternative investments will also require a prudent process.
In response, Mid Atlantic Trust Company is pleased to present to you an alternative FDIC insured demand deposit* product called DepositxChange®TM. This can be used as a standalone investment or part of a model in the qualified plan space. Please review the following linked fact sheets for further details regarding this cash alternative:
If you have any questions, you may contact your Mid Atlantic relationship manager by calling (800) 693-7800.