Cash Management

Putting your money to work isn’t just about investing; it’s also about earning a return on cash that is waiting to be invested. That is why Park Avenue Securities offers clients a “Sweep Program” designed to enable you to earn a return on your cash. By participating in the Cash Sweep Program, your cash balances will be transferred into an account at a bank whose deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”). 

Dreyfus Insured Deposits Sweep Product (DIDV) 

Park Avenue Securities utilizes the Dreyfus Insured Deposits Product V (DIDV) bank sweep to automatically invest eligible cash balances as part of its cash management sweep program. Please click here for further disclosures as well as the terms and conditions of the DIDV product.

Dreyfus Insured Deposits Sweep Product for Advisory Retirement Accounts (DIDM) 

Retirement accounts that are invested within the Park Avenue Securities investment advisory platform automatically invest eligible cash balances into the Dreyfus Insured Deposit Product M (DIDM) — a different Dreyfus Insured Deposits Product specifically for advisory retirement accounts. Please click here for further disclosures as well as the terms and conditions of the DIDM product.

Overflow Money Funds 

In the event cash held in an account exceeds $2.5 million or participating banks in the sweep program are unable to accept new deposits, a Dreyfus Cash Management fund has been selected to automatically accept overflow deposits. The Dreyfus Insured Deposits Sweep Product (DIDV) utilizes Dreyfus Government Cash Management fund (Ticker: DGUXX) and the Dreyfus Insured Deposits Sweep Product for Advisory Retirement Accounts (DIDM) utilizes Dreyfus Government Cash Management fund (Ticker: DGVXX). For more information on the overflow money market funds please search the ticker symbols provided on any internet search browser. 

2024-176128 (Exp. 06/26)