AssetMark Trust Insured Cash Deposit (ICD) Program

AssetMark Trust's ICD Program offers the benefits of FDIC insurance for clients' cash needs.1 The program makes it possible to safeguard a portion of your assets through a liquid, interest-bearing vehicle.

How it Works

The Insured Cash Deposit (ICD) Program is designed using a multi-bank deposit approach. Clients' cash is deposited in FDIC-insured accounts across a network of FDIC-insured Program Banks. Each Program Bank provides up to $250,000 of FDIC-insurance coverage per deposit, per client account, with a maximum insurable capacity up to $2.5 million in total FDIC insurance coverage.


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AssetMark Trust Insured Cash Deposit (ICD) Program

Program Features and Eligibility

The ICD Program is fully integrated into AssetMark's platform, eWealthManager, including quarterly reporting capabilities for a streamlined client experience. Timely account information, portfolio details and current rates are always available online and in regular client reporting.

All AssetMark Trust client accounts are eligible to participate in the ICD Program unless they are invested in a strategy managed by AssetMark or an affiliate. In addition, 403(b)(7) custodial accounts are ineligible for the ICD Program.2

ICD Program Bank Network

The Program Banks participating in AssetMark Trust's ICD Program are top-rated and selected based on stringent criteria, including their overall financial health, stability, reputation and current standing with the FDIC and other bank regulatory agencies.3

Each Program Bank provides FDIC insurance coverage on deposits up to $250,000 per client account, up to a maximum of $2.5 million in total FDIC insurance coverage. To ensure that your balance (plus accrued interest) receives full FDIC coverage, the program limits the principal amount of your assets held at any one institution.

For more information on how cash balances are allocated, please refer to the AssetMark Trust Company Insured Cash Deposit Program Disclosure Statement.

Competitive Returns on Cash

AssetMark Trust's ICD Program automatically moves cash balances into FDIC-insured deposit accounts so clients can earn competitive returns on their cash balances. Interest accrues daily until cash balances are invested. Cash remains available for transactions - without transfers or having to liquidate a current position - or is used to satisfy obligations arising in the account.4

ICD Program Rates

Annual Percentage Yield Liquidity Minimum
0.10% Daily Access None

1. Exceptions apply. Accounts that are invested in a strategy over which AssetMark exercises some level of investment management or are Internal Revenue Code Section 403(b)(7) custodial accounts are not eligible to participate in the ICD program.

2. AssetMark Trust, in its discretion, may determine that your account, or a particular strategy held in your account, is ineligible to participate in the ICD Program.

3. The list of Program Banks may change from time to time. Program Banks may be excluded from receiving program deposits in the event that total assets at a Program Bank (including assets that are held with the bank outside of AssetMark Trust’s ICD Program) exceed the FDIC insurance limits. Note that AssetMark Trust will provide you with notice of the changes as soon as is reasonably practicable. It is your obligation to monitor your account(s), your FDIC coverage and your FDIC insurance eligibility. See www.FDIC.gov for more details regarding FDIC insurance coverage.

4. The interest rates paid to clients will vary over time. The interest rates on the program deposits may be lower than the rate of return on other account investment vehicles that are non-FDIC insured or on bank account deposits offered outside of the ICD Program.