McCarthy Investment Group - RBC Wealth Management

The role of cash in your wealth plan

Strategic solutions available

Consider the important role cash plays in your current and future life. Effectively managing cash is vital to meeting your financial goals.

You may be saving for a large purchase. You may have cash on hand to protect against unforeseen events, such as an unexpected home repair or a job loss. Cash also plays a role in your investment portfolio. Your portfolio allocation to cash and cash-like products typically changes over time - depending on your risk tolerance, investment time horizon and whether you are near retirement or already retired.

Here are three key reasons to discuss your current and future cash needs with me as your financial advisor:

1. Cash management

What are your current household expenses? If you’re retired or depend on your portfolio for a portion of your income, using cash management solutions can offer efficient access to your cash and help smooth out your income stream.

2. Liquidity

Holding sufficient cash may help you prepare for the unexpected such as a major repair, a medical emergency or perhaps a job or business loss. In addition, if you’re retired or depend on portfolio income, many financial professionals recommend having six months to two years of spending needs allocated to cash, which may help protect against market volatility or being forced to sell investments at an inopportune time.

3. Flexibility

Allocating a portion of your portfolio to cash gives you the liquidity necessary to move quickly when an investment or business opportunity presents itself. RBC Wealth Management offers several cash management services to help you enjoy the benefits of your wealth when and how you need it.

RBC Cash Services

Digital. Secure. Convenient.

Choose how your money is protected or grows

RBC Insured Deposits¹ offers an industry leading amount of FDIC coverage with up to $5 million per client or 20 times the normal amount of FDIC insurance achieved at a bank.

RBC Cash Plus offers a higher yielding cash sweep alternative, backd by the advice and stability of Royal Bank of Canada (RBC)

For a list of program banks, please see our public website at www.rbcwm.com/rbc-insured-deposits-program-banks.

Easily access your cash from anywhere

Visa Platinum Debit Card
Unlimited check writing
Monthly and annual account statements
RBC Bill Pay
Mobile Wallets
- Apple Pay
- Google Pay

Save money with our reduced costs for transactions

ATM fee waivers
No foreign transaction fees
Expanded ATM network offering clients surcharge
Free access to the following ATM networks:
- MoneyPass
- AllPoint
- PNC Bank

Save time and effort with our digital self-service tools

Mobile check deposit
- Premier members; daily mobile deposit limit $200,000 and monthly mobile deposit limit $500,000
- Non-premier members: daily mobile deposit limit $100,000 and monthly mobile deposit limit $250,000
Debit card management
- Real-time two-way fraud text alerts; clients will receive a free SMS text message to verify debit card transactions
- Reset PIN online
- Turn card on/off
- Report a card lost/stolen
Online transfers
Real-time ACH

<ol> <li> Clients who have achieved Premier Client Services ("Premier") status receive unlimited ATM fee reimbursements. To qualify for Premier status, you must have more than $600,000 in total household assets or generate more than $5,000 in total household commissions paid in the previous 12 months. Contact your financial advisor for details about the Premier Client Services program. Clients who have not achieved Premier status are reimbursed up to a maximum of $240 in ATM surcharge fees per year. RBC will rebate ATM surcharge fees monthly. The ATM surcharges will be calculated as the sooner of four (4) ATM surcharges or up to a maximum of $20 per calendar month. Thereafter, the standard ATM surcharges fees will apply. RBC may impose limits for security purposes or when the card transactions and ATM surcharge fee reimbursements exceed normal conditions. </li> <li> RBC Insured Deposits (“the Program”) is an automated cash sweep option that sweeps un-invested cash balances in clients’ accounts into interest-bearing deposit accounts (“Deposit Accounts”) with RBC affiliate banks and additional unaffiliated banks (“Program Banks”) up to applicable limits. Availability is subject to certain restrictions. The Program provides up to $5 million in Federal Deposit Insurance Corporation (“FDIC”) insurance coverage per depositor in each insurable ownership capacity (“Deposit Limit”). Each Deposit Account constitutes a direct obligation of the Program Bank and is not directly or indirectly an obligation of RBC Wealth Management. More information regarding FDIC insurance is available at <a href="https://www.fdic.gov" target="_blank">https://www.fdic.gov</a>. RBC Insured Deposits are not subject to market risk and potential value loss, but are subject to the risk of a Program Bank’s failure. In the event a Program Bank fails, deposits at each Program Bank are eligible for FDIC coverage up to applicable limits. Deposit balances in excess of the Deposit Limit will be invested with Excess Banks and are not covered by FDIC insurance. Currently, the Primary Excess Bank is City National Bank (“CNB”), an RBC Affiliate Bank. Monies held in RBC Insured Deposits are not covered by Securities Investor Protection Corporation (“SIPC”). For retirement accounts, balances in excess of the Deposit Limit are invested in an unaffiliated money market fund. Money market mutual fund investments are not insured by the FDIC or any government agency; they are instead covered by SIPC.  </li> <li> RBC Cash Plus is an automated cash sweep option that sweeps un-invested cash balances in clients’ accounts into interest-bearing deposit accounts (“Branch Deposit Accounts”) at the RBC Three World Financial Center Branch (“the Branch”) located in New York, a U.S. branch of Royal Bank of Canada, a Canadian bank. Funds on deposit at the Branch are not insured by the FDIC, SIPC or any governmental agency of the United States, Canada or any other jurisdiction. The Branch Deposit Accounts are obligations of the Branch only, and are not obligations of RBC Capital Markets, LLC, or any of its affiliates or its business divisions, including RBC Wealth Management. The payment of principal and interest on Branch Deposit Accounts at the Branch is subject to the creditworthiness of Royal Bank of Canada. In the event of the failure of the Branch, clients participating in RBC Cash Plus will become general unsecured creditors of Royal Bank of Canada. It is possible to lose money by holding deposits in RBC Cash Plus.  Deposit Accounts and Branch Deposit Accounts will earn the interest rate based on the total assets across all accounts within your household, as well as total balances of all Deposit Accounts and Branch Deposit Accounts within your household. Interest rates/APY (Annual Percentage Yield) are subject to change without notice.  Please see the “Cash Management” section on our public website at <a href="https://rbcwm.com/disclosures" target="_blank">rbcwm.com/disclosures</a>.  There you will find the RBC Insured Deposits Program Banks as well as Terms and Conditions and Program Interest Rates. For more information see our <a href="https://www.rbcwealthmanagement.com/assets/wp-content/uploads/documents/legal/wm-cash-sweep-overview.pdf" target="_blank">“Cash Sweep Program Overview”</a> which is also available on our public website. </li> </ol>

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RBC Cash Management Account