Smith barney account1/4/2024 ![]() ![]() Our affiliate, Morgan Stanley Investment Management (“MSIM”), serves and receives compensation as the investment adviser to the money market funds that are available as part of the Bank Deposit Program (“BDP”) or as an alternative if you are not eligible for BDP. If the account is ineligible to participate in the Bank Deposit Program, any free credit balances in the account will be swept into one of the alternatives based upon eligibility.ĬOMPENSATION PAID TO Morgan Stanley Smith Barney LLC The Bank Deposit Program is described in the account opening materials as well as in the Bank Deposit Disclosure Statement. The Bank Deposit Program is the default sweep option for accounts at Morgan Stanley Smith Barney unless the account is ineligible to participate in the Bank Deposit Program. (Please see above for MGPXX 7-Day Effective Yield.)įree credit balances generally include the uninvested cash in a client’s account(s) minus certain items such as purchase transactions due to settle within a specified time period, other charges to a client’s account(s), and cash balances that are designated as collateral for a client’s obligations. Deposit balances above $20 million in an account are swept, without limit, to MGPXX. Interest rate tiers are based upon value of total deposit balances in the account. For more information, view the Bank Deposit Program Disclosure Statement. ![]() Under the Bank Deposit Program, free credit balances held in an account(s) at Morgan Stanley Smith Barney LLC are automatically deposited into an interest-bearing deposit account(s), at FDIC-insured banks. ![]()
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