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The Dreyfus and Pershing Partnership
Learn more about Dreyfus Money Market Funds, FDIC Insured Deposit Sweep Options (available through Pershing's Cash Management Choice Platform) and Long-Term Investment Capabilities
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Overview
BNY Mellon – the parent company of both Dreyfus and Pershing – is a global financial services company uniquely focused to help clients succeed in the rapidly changing global marketplace.
To help financial advisers provide suitable investment determinations, Dreyfus offers access to a word-class group of investment boutiques, each offering expertise in its own investment category niche. These active managers seek to generate alpha across a full market cycle.
Choice
As the distribution arm of BNY Mellon, Dreyfus is the portal through which investment professionals and investors can access the insights and expertise of 10 boutique investment managers.
Stability
Established in 1951 with headquarters in New York City, the Dreyfus brand has long stood for conservative, high-quality, long-term investment solutions.
Strength
Dreyfus is one of the nation's leading investment management and distribution companies, currently managing an extensive lineup of mutual funds and separately managed accounts.
Dreyfus Money Market Funds and FDIC Insured Deposit Sweep Options
Available through Pershing's Cash Management Choice Platform
Cash management strategies have never been more important to a well-constructed portfolio than they are today
Volatility in the stock and bond markets has created the need for a portfolio stabilizer. This need is even more acute for investors at the front edge of the demographic wave of retiring Baby Boomers, whose needs are shifting from the long-term accumulation of capital to the preservation of capital for retirement and other objectives. Today’s investors are focused on how their cash is being employed and if it is working as hard as it can, whether that means accessing FDIC-insured deposit accounts or alternative registered accounts that are not FDIC-insured but offer high current yields.
Through Pershing’s Cash Management Choice Platform, you have the ability to better address cash management needs by enabling idle cash to earn dividends or interest. The Dreyfus money market funds and FDIC-insured bank deposit options listed below offer your clients a wide array of choices to best suit their needs and risk tolerance.
Dreyfus Money Market Funds
Dreyfus FDIC Insured Deposit Sweep Options
|
FUND |
PERSHING SWEEP ID |
TRADING DEADLINE* |
| Dreyfus Insured Deposits A | DIDA | 2:30 PM |
| Dreyfus Insured Deposits B | DIDB | 2:30 PM |
| Dreyfus Insured Deposits C | DIDC | 2:30 PM |
| Dreyfus Insured Deposits D | DIDD | 2:30 PM |
| Dreyfus Insured Deposits E | DIDE | 2:30 PM |
| Dreyfus Insured Deposits I | DIDI | 2:30 PM |
RELATED RESOURCES
Dreyfus Money Market Fund Daily Holdings
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Long-Term Investment Capabilities
Dreyfus can help you present your clients with a wide range of investment solutions.
Fixed Income
Alternatives
Equities
Real Assets
RELATED RESOURCES
Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus that contains this and other information about the fund, and read it carefully before investing.
For further information on the Dreyfus Insured Deposit Program terms and conditions, please contact your Pershing Relationship Manager or your Dreyfus Sales Representative.
Dreyfus Insured Deposit Program is a bank deposit “sweep” program that can provide daily interest income and FDIC insurance on balances up to $2.5 million. Daily balances are swept into FDIC-insured accounts.A deposit in an FDIC-insured deposit program is not protected by the Securities Investor Protection Corporation (SIPC®).
Money Market Mutual Funds are not bank obligations and are not FDIC-insured. The Pershing Treasury Account and the Pershing Prime Money Market are not registered money market mutual funds. However, the accounts invest in registered money market mutual funds.
Important Information:
Each fund named above belongs in one of the 2 categories of money market funds listed below. Please review for important information relating to your fund.
Retail Prime and Tax-Exempt/Municipal Money Market Funds: You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. Retail Prime and Tax-Exempt/Municipal funds include: General Money Market Fund, Inc., General AMT-Free Municipal Money Market Fund, General California Municipal Money Market Fund, General Municipal Money Market Fund, General New Jersey Municipal Money Market Fund, Inc, and General New York AMT-Free Municipal Money Market Fund.
Government/Treasury Money Market Funds: You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. Government/Treasury funds include: General Government Securities Money Market Fund, General Treasury Securities Money Market Fund, Dreyfus Government Cash Management, Dreyfus Government Securities Cash Management, Dreyfus Treasury & Agency Cash Management, Dreyfus Treasury Securities Cash Management, Dreyfus Municipal Cash Management Plus, Dreyfus California AMT-Free Cash Management, and Dreyfus New York Municipal Cash Management
Although the fund's board has no current intention to impose a fee upon the sale of shares or temporarily suspend redemptions if the fund’s liquidity falls below certain levels, the board reserves the ability to do so after providing at least 60 days prior written notice to shareholders.
Municipal income may be subject to state and local taxes depending upon your state of residence. Income may also be treated as a preference item for purposes of the federal Alternative Minimum Tax.
Neither the market value of government securities nor the value of the fund’s shares is guaranteed.
*Pershing Policies
- Minimum initial investments on Pershing platform.
- Cut-off times on Pershing platform to receive same-day dividends for purchases only. To receive same-day dividends, an order in proper form must be received from Pershing by the fund or its agent shortly after the indicated times, and federal funds must be transmitted by the time stated in the prospectus. Please see the prospectus for a full description of each fund’s dividend policy.
- Redemption orders received in proper form by Pershing prior to the indicated trading deadline will not receive dividends the day the redemption order is effective, but redemption proceeds will normally be transmitted on that day.
CIS-2016-09-26-0059