I have a potential client that has $10 million sitting in a Treasury Money Market currently yielding 0.33%. They will need to use the funds in 1-year. Any of you cash management gurus have any advice on how to preserve capital and increase yield. I’m guessing a prime obligations money market or maybe some 1-year CD’s or a mix would do the trick. . . do you guys have any more creative / better ideas? Also, what would be an appropriate advisory rate for a portfolio like this 0.10%? I have another question that is a bit embarassing, the current fund quotes a yield of 0.33%. This is a gross of fees number, right? So the true return will be even less than 0.33%? Thanks.
Meant to post the General Discussion. Sorry. Continue w/ your L3 studies.