Cash management is a critical element in any well-managed, diversified portfolio. At Celadon, our clients enjoy access to money market mutual funds and FDIC-insured deposit accounts that reduce their risk, provide ready access to their cash and offer stability in turbulent markets. Accounts may be set up to automatically purchase money market shares whenever an account holds excess cash and to redeem shares whenever cash is needed.
To manage the cash portion of their portfolios, Celadon clients may choose from more than 140 sweep options offered by six different fund managers, including Invesco, Dreyfus, DWS Scudder, Federated Investors, Reich & Tang Funds and Wells Fargo.
Invesco is a leading independent global investment manager that is publicly traded on the NYSE and is an S&P 500 and Russell 1000 index constituent. Invesco Global Cash Management is part of Invesco Fixed Income, one of the world’s largest fixed income operations with more than 150 investment professionals managing more than $193 billion in assets.
As a BNY Mellon Asset Management company, Dreyfus provides unique access to its exclusive and diverse global network of world-class asset managers, delivering powerful investment insight and strategies — equity, fixed income and money market mutual funds, separately managed accounts, retirement and cash management strategies and asset allocation solutions. Dreyfus is one of the industry’s premier sources of institutional cash management investment products, with over $450 billion in assets under management, including over $290 million in money market mutual fund assets under management.
DWS Scudder is the US retail brand name of Deutsche Asset Management, which is the global asset management division of Deutsche Bank, and has more than $715 billion in assets under management globally. DWS Scudder leverages the strength and reputation of DWS — Deutsche Bank’s mutual fund brand in Europe and Asia, with that of Scudder Investments, a respected US asset manager founded in 1919.
Founded in 1955, Federated Investors is one of the largest institutional investment managers in the United States with nearly $355 billion in assets, $271 billion of which is in money market products. Federated offers broad product lines spanning domestic and international equity, fixed income, alternative and money market strategies with the goal of long-term, consistent, competitive performance.
Reich & Tang Funds
Since 1974, Reich & Tang has provided money market and cash management services to investors focused on safety and preservation of their capital. Reich & Tang is part of Natixis Global Asset Management, a global holding company for a group of specialized investment management firms. The Group’s combined assets under management total $753 billion.
With more than $126 billion in money market fund assets under management, Wells Fargo Advantage Funds ranks among the top ten largest money market fund complexes. Wells Fargo offers a full range of short-term investment strategies, from the most liquid money market funds to higher-yielding enhanced cash, limited duration and adjustable rate strategies. Strategies are available via retail and institutional mutual funds, institutional share classes or customized separate accounts to help maximize flexibility and cost efficiency.
An investment in a FDIC-Insured deposit program is not protected by the Securities Investor Protection Corporation. An investment in a money market mutual fund is not insured or guaranteed by the Federal Deposit Insured Corporation or any other government agency. Although these funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund. For additional information on any fund, including investment objectives, risks, charges, and expenses, please consult the fund’s prospectus. Contact your Account Executive for the fund prospectus and read it carefully before investing.