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Our General Asset Management Account (GAMA) is designed to be a private label asset management account. It offers your clients the ability to consolidate their securities, credit balances and available cash balances with an automated daily sweep into a selection of Dreyfus money market funds or an FDIC-insured product1 seeking to provide competitive yields.
Your clients can access a suite of cash management services with features such as check-writing, debit card, bill pay services and loyalty awards. It is a turn-key solution that allows for customized features to enhance your existing product line-up.2
With this single account, your clients can control payment and investment options through a variety of cash withdrawal, transfer and deposit features. GAMA provides your clients with the ease and convenience of managing their short-term investment needs.
1 GAMA can provide an Insured Network Deposit (IND) Service, an FDIC insured, multi-bank deposit program designed to provide an alternative to offering traditional money market mutual funds as a cash sweep option. The IND Service does not involve investment in a money market mutual fund. The IND Service is a product of Promontory Interfinancial Network offered through a private labeling arrangement with the Dreyfus Cash Solutions division of BNY Mellon Securities Corporation (BNYMSC) and is available only to clients of broker/dealers who clear through Pershing, LLC (Pershing). BNYMSC and Pershing are subsidiaries of The Bank of New York Mellon Corporation (BNY Mellon). Unlike the IND Service, which offers FDIC insurance on cash deposits, money market mutual funds are not FDIC-insured and involve risk to principal. Promontory Interfinancial Network is an affiliate of Promontory Financial Group, a leading provider of regulatory consulting to banks, broker-dealers and other financial services firms. 2 Check writing and debit card services are provided by BNY Mellon Investment Servicing Trust Company (“BNY Mellon”). The award points program is provided by cxLoyalty, Inc. Online bill pay is provided by Fidelity National Information Services, Inc.(FIS). The 24-hour voice response system is provided by 7.ai. Promontory Interfinancial Network, cxLoyalty, Inc., FIS and 7.ai are not affiliated with BNY Mellon.
GAMA is not a securities account and clients of financial intermediaries who offer the GAMA cannot trade securities through the GAMA. Clients can only transact in securities through accounts established and maintained with third party financial intermediaries.
Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.
A money market fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.
This material is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Please consult a legal, tax or financial professional in order to determine whether an investment product or service is appropriate for a particular situation.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, encompassing BNY Mellon's affiliated investment management firms, wealth management organization and global distribution companies. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally.
Dreyfus Cash Investment Strategies is a division of BNY Mellon Investment Adviser, Inc.; Dreyfus Cash Solutions is a division of BNY Mellon Securities Corporation, a registered broker dealer. BNY Mellon Investment Adviser, Inc. and BNYMSC and Pershing are wholly owned subsidiaries of The Bank of New York Mellon Corporation.