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Save® Collaborates With Customers Bank for the Launch of a Sub-advisory Program for Wealth Managers Seeking Cash Solutions
Prnewswire· 2025-06-04 12:00
Company Overview - Save Advisers, LLC and its affiliate Save Technologies LLC have launched the Market Savings Sub-advisory Program, an investment-driven deposit program for Registered Investment Advisers [1][2] - Customers Bank, a subsidiary of Customers Bancorp, Inc., provides the deposit accounts for this program, which are eligible for FDIC insurance [2][5] Program Features - The Market Savings Sub-advisory Program combines deposit accounts with a market-based yield enhancement strategy managed by Save Advisers LLC [1][2] - The program is designed for simplicity and security, with investment strategy allocations made according to adviser selections and managed within the Save platform [2] - The minimum deposit for participation in the program is set at $10,000 for a one-year term, with potential fees that may reduce earnings on investments [3] Industry Impact - The program aims to enhance cash management solutions in the wealth advisory industry, providing advisers with options that preserve principal while creating growth opportunities [3] - Customers Bank is recognized as one of the top-performing bank holding companies in the U.S., with over $22 billion in assets, and has received accolades for its customer service and product offerings [5][7]