Cash Sweep Program
We’re pleased to announce increased Federal Deposit Insurance Corporation (FDIC) insurance coverage in our Bank Deposit Sweep by utilizing three Wells Fargo & Company banks (“Program Banks”) instead of one beginning on February 12, 2010. If the Bank Deposit Sweep is the cash sweep vehicle for your brokerage account, uninvested cash balances in your account are automatically deposited into the Bank Deposit Sweep.
First Clearing, LLC Cash Sweep Program Disclosure Statement (Effective 01/2014)
Clients of Wells Fargo Advisors can find information and disclosures about its Cash Sweep Program at www.wellsfargoadvisors.com/cashsweep