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Risks Are Piling Up for Firms' Cash Sweep Programs: Report
Analysis August 20, 2024 at 02:25 PM
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What You Need To Know
- Moving clients to high-yielding accounts results in lower revenues, putting new pressure on profitability.
- Less diversified firms operating at higher leverage have been most reliant on elevated cash sweeps.
- The treatment of client cash can affect recruiting trends, according to one M&A consultant.
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