Save®, a financial technology company that provides a market-driven cash management platform, today announced that its Market Savings program is now available to independent advisors through Schwab Marketplace.1 The program is intended for family offices, high-net-worth investors, and other clients that prefer to keep large cash balances liquid. Market Savings keeps client deposits in accounts at participating banks, where they are eligible for FDIC insurance up to applicable limits, while providing market-linked return potential through separate securities accounts. Deposited principal is not invested, and clients retain same-day access to their cash.
That structure addresses a common problem for advisors and family offices: how to seek returns that can offset inflation while keeping cash readily available. Save uses proprietary investment technology to provide exposure tied to ETFs tracking the S&P 500, Nasdaq, Gold, and other markets. The program is designed to offer higher return potential than traditional money market accounts and brokered FDIC cash programs.
Market Savings has produced some of the strongest returns available on FDIC-insured cash, with S&P 500-linked accounts averaging 7.5% annually over the past three years according to Saves own published data.2 The first client who placed $1 million in the program in late 2022 only earned an average annual return of 6.34% over more than 3 years while retaining immediate access to the deposited funds.3
Family offices have started using Market Savings to manage cash that must remain liquid while seeking market-linked return potential. Market Savings provides that exposure through a separate securities account without investing the deposited principal.
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