Complete Cash Solutions
Available only at AssetMark Trust, Complete Cash Solutions give you the opportunity to provide your clients with competitive solutions that meet their growing and changing needs.

Complete Cash Solutions offers:

Competitive Returns on Cash

AssetMark Trust's Complete Cash Solutions 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 and investments, or to satisfy obligations that may arise in the account.4

Insured Cash Deposit (ICD) Program

A program that moves cash held inside a managed portfolio or certain administrative accounts into FDIC-insured deposit accounts.5

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. 6

High Yield Cash

An FDIC-insured5 enhanced solution for larger cash balances. Higher deposit rates are offered at $100,000, $250,000, $1 million and $10 million.

High Yield Cash deposits are not eligible for 'householding' of platform fees.

Cash in Account Deposit rate8 Annual Percentage Yield (APY)8
$0.01 and up 0.10% 0.10%
Rates as of 1/24/2019
For higher cash balances, clients can get7:
Cash in Account Deposit rate8 Annual Percentage Yield (APY)8
$100,000 - $249,999.99 0.90% 0.90%
$250,000 - $999,999.99 1.30% 1.31%
$1,000,000 - $9,999,999.99 1.90% 1.92%
$10,000,000 and over 2.05% 2.07%
Rates as of 1/24/2019
Deposit rate and annual percentage yield for balances below $100,000 is 0.10%

How it Works

Complete Cash Solutions 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 account ownership type, per tax ID, with a maximum insurable capacity up to $2.5 million in total FDIC insurance coverage.

To ensure that each clients' balance (plus accrued interest) receives full FDIC coverage, the principal amount of assets held at any one institution is limited.

Complete Cash Solutions Program Bank Network

The participating program banks are selected based on stringent criteria, including their overall financial health, stability, reputation and current standing with the FDIC and other bank regulatory agencies.4

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 an account balance (plus accrued interest) receives full FDIC coverage, the principal amount of client assets held at any one institution is limited to $250,000 or less.

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

1. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. More information can be found at www.fdic.gov/deposit/deposits/

2. See the AssetMark Trust Company FDIC-Insured Cash Program Disclosure Statement and AssetMark Trust Company Custody Agreement for details and restrictions.

3. 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.

4. 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 Complete Cash Solutions 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.

5. Insured Cash Deposit Program and High Yield Cash collectively provide up to $2.5 million of FDIC insurance.

6. AssetMark Trust, at its discretion, may determine that your account, or a particular strategy held in your account, is ineligible to participate in the Insured Cash Deposit Program.

7. Clients need to have a High Yield Cash account to get the rates indicated.

8. The deposit rates and annual percentage yields are variable and may change at any time at our discretion. They are effective as of the date shown above. Interest on the account will be compounded on a monthly basis.