CashSweepsm Program
SEI
| Program Benefits | Program Features | Program Contacts |
Banks Can Be More Competitive With the CashSweepsm Program...
The ABA-endorsed SEI CashSweepsm Program provides banks with a competitive investment offering proven to aggressively attract new business, retain existing customers and recapture lost assets while generating diversified earnings stream. The advanced sweep technology utilizes an automated system that transfers customers' excess balances into selected money market mutual funds.
BACKGROUND
In response to the growing need for banks to offer cash management products that are competitive to non-bank financial service companies, ABA researched and selected SEI as the endorsed provider of a competitive and flexible cash sweep program. The comprehensive program provides a combination of quality investment products, innovative technology and extensive consulting support.
PROGRAM BENEFITS
- Generate fee-based income.
- Retain existing clients by offering competitive products and services.
- Recapture assets lost to other financial institutions.
PROGRAM FEATURES
- Comprehensive support through all stages of program development
- CashSweep.com offers immediate access to consulting support and fund information
- 24-hour technical support
MARKET PROFILE
Any commercial bank whose commercial customers would benefit from short-term investments of their excess DDA balances. Community banks will value the flexible, PC-based system accompanied by customized marketing support.
PROGRAM CONTACTS
SEI
1 Freedom Valley Drive
Oaks, PA 19456
Contact: Karen Walbridge
Tel: (610) 676-1688
E-mail: KWalbridge@seic.com
Please Visit: https://www.cashsweep.com.
CAB CONTACT PERSONS
Robin Gordon Tel: (202) 663-5128
Jackie Lucas Tel: (202) 663-5556
Questions? Please contact Jackie Lucas for more information.
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