ESI is introducing a new Bank Deposit Sweep Program (BDSP) for eligible brokerage accounts. Join us for a high-level overview of this important enhancement and learn how it will impact both new and existing client accounts. During this session, we will discuss:
• What the Bank Deposit Sweep Program is and how it differs from the current money market sweep arrangement
• Why ESI is making this change and the benefits of FDIC-insured bank deposits for client cash balances
• How the program will work, including account eligibility and the treatment of uninvested cash
• When key milestones will occur, including implementation timelines for new and existing accounts
• Available advisor resources, client communications, and support materials
• Frequently asked questions and live Q&A
This webinar is intended to provide our financial professionals and advisors with a foundational understanding of the program and prepare them for upcoming client conversations as we approach implementation.
Who Should Attend: Financial Professionals, Managing Directors, General Agents, Sales Assistants, and Operations Staff supporting ESI business.
