Yes, through an agreement with Dreyfus, DriveWealth is making available a money market fund into which your account’s free credit balances will be swept. Free credit balances include un-invested deposits, dividends and interest, and funds from transactions, such as sales of stocks. The money market is the Dreyfus Treasury Securities Cash Management. Your free credit balances are automatically swept into the Dreyfus Treasury Securities Cash Management. The timing and amounts to be swept will be set according to the terms of the cash sweep feature. Credit balances that are needed to satisfy a settling transaction are not free and are not available for the cash sweep feature. All sweep transactions will appear on your periodic Account statements. These Account statements indicating sweep transactions are provided in lieu of separate confirmations.
Attached below is the Dreyfus Treasury Securities Cash Management prospectus, which provides important information about the fund, its risks and expenses.
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