FOR IMMEDIATE RELEASE
Advisors can now easily integrate premier high-yield cash solution into their practices
New York, NY — July 14, 2020 — MaxMyInterest (“Max”), a leading provider of innovative cash management solutions for financial advisors and their clients, today announced an integration with Morningstar® ByAllAccounts®, the award-winning data aggregation service, to meet advisor needs for delivering higher yields on client cash.
Max enables financial advisors to offer clients an industry-leading cash solution with preferred rates of up to 1.05% APY on same-day liquid, FDIC-insured bank deposits, exclusively through the Max platform. With client permission, advisors gain visibility into held-away cash to deliver more comprehensive financial advice and organically grow their business.
“We’re excited to collaborate with Morningstar on this integration, enabling a broader community of financial advisors to better serve their clients,” said Michael Halloran, Head of Partnerships and Business Development at Max. “MaxMyInterest and Max For Advisors help advisors from more than 1,000 wealth management firms optimize portfolio cash and held-away cash, offering rates significantly higher than typical money market funds, banks, or brokerage firms, all while maintaining liquidity and FDIC insurance.”
The integration allows advisors to incorporate client balance information into 40 advisor-reporting platforms through Morningstar ByAllAccounts, a leading financial data aggregation service leveraging AI technology to deliver consolidated investment data across platforms. Independent advisors, wealth managers, family offices, and asset managers utilize Morningstar ByAllAccounts to structure data, enhance client relationships, and boost productivity.
“Morningstar’s mission is empowering investor success, and our integration with MaxMyInterest addresses the issue of near-zero interest rates on cash holdings,” said David Johnson, Head of Morningstar ByAllAccounts. “This integration helps advisors provide more comprehensive financial advice and deepen client engagement.”
Advisors can access Max balances by searching “MaxMyInterest” on Morningstar ByAllAccounts and entering advisor login credentials from the Max Advisor Dashboard, eliminating the need for client login credentials to grant balance visibility.
Advisors can learn more about Morningstar ByAllAccounts at Morningstar.com. To register for a Max Advisor Dashboard or learn more, visit MaxForAdvisors.com.
About MaxMyInterest
MaxMyInterest (“Max”), a service of Six Trees Capital LLC, provides cash management solutions enabling individuals and financial advisors to earn dramatically higher yields on cash deposits while delivering comprehensive financial guidance. Max ensures deposits consistently earn the highest yields while remaining FDIC-insured. Today, Max members can earn up to 1.05% APY on FDIC-insured cash, significantly above the national savings average of 0.06%.
Learn more:
- Advisors: MaxForAdvisors.com
- Individuals: MaxMyInterest.com