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We understand that businesses need to have access to their cash, but also seek competitive returns. For flexible, responsive cash management, consider one of Scott & Stringfellow's asset management accounts, combining competitive money market yields with time-saving convenience.
Asset Management Business Account
This business account can simplify your company's cash management needs and can help you maximize cash flow with these benefits:
- Unlimited check-writing
- 300 business style checks per order
- No minimum balance requirements
- Cancelled checks returned on a quarterly basis
- Consolidated monthly statement showing all check transactions
- VISA® Gold check card, which can be used as an expense card for authorized travel and business purchases
- Expense code monitoring helps your business keep record of and categorize all your check-writing and VISA transactions to help simplify your business budgeting and tax preparation activities
- When funds are available, a margin link to your brokerage account allows you to borrow against the value of securities in your brokerage account by writing checks or using your check card, giving you built-in overdraft protection.
- Systematic payments allow you to use the funds in your account to cover payments you make on a regular basis
We offer various types of money market accounts, including:
- Taxable funds, primarily invested in high-quality money market instruments
- A national tax-free fund that invests in securities exempt from federal taxation
- Eight state-specific funds, investing in municipal securities of Virginia, North Carolina, Maryland, Florida, Georgia, New Jersey, New York, and Pennsylvania. Each is exempt from federal income taxes and state income taxes for residents of the issuing state
- Funds investing in government and U.S. Treasury securities, for the highest degree of safety
You can contact your financial advisor or call Scott & Stringfellow at 1-800-552-7757 to receive a copy of these documents. Mutual 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. An investment in the funds is neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC), any bank or any other government agency. 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.
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