Cash Management Solutions
At Samra Wealth Management we offer 2 distinct solutions for business clients looking for a greater return than typically available in business checking and savings accounts: Brokered CD's and Ultra Short-Term Bond Exchange Traded Funds.
Brokered CDs, which are CDs issued by banks for the customers of brokerage firms. The CDs are usually issued in large denominations and the brokerage firm divides them into smaller denominations for resale to its customers. Because the deposits are obligations of the issuing bank, and not the brokerage firm, FDIC insurance applies.
Short-Term & Ultra Short-Term Bond Funds and Exchange Traded Funds may be appropriate for investors looking for greater yields with less sensitivity to rising interest rates. Some investors may benefit from favorable tax treatment, dependent on the underlying investment and state of residence.