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For flexible, responsive cash management, consider one of Scott & Stringfellow's asset management accounts, combining competitive money market yields with time-saving convenience. Money market funds are special mutual funds that provide liquidity and competitive returns by holding large quantities of short-term securities. They are useful as short-term investments and allow you to preserve the value of your cash while earning some income.
Asset Checking Account (ACA) – Offers basic check writing services and includes the following features:
- Unlimited check writing
- No minimum check amounts
- Receive check images on a quarterly basis
- Margin access
- 150 checks per order
- Direct deposit and systematic withdrawal services
Asset Management Business Account (AMBA) – A cash management account with business check writing, check card services, and enhanced statement reporting.
You can contact your financial advisor or call Scott & Stringfellow at 1-800-552-7757 to receive a prospectus. Money market funds are sold by prospectus only. The prospectus contains complete details about each fund, including risks, charges and expenses, and should be read carefully before you invest or send money. Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the funds. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Borrowing from a margin account entails certain risks. Please read your margin account agreement carefully before using margin.
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