Overview
The Bank of New York Mellon Corporation – 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 professionals offer investment opportunities to clients, Dreyfus provides access to BNY professional investment management firms, each offering expertise in its own investment category niche. These active managers seek to generate alpha across a full market cycle.
Choice
Investment professionals and investors can access the insights and expertise of 7 investment firms.
Stability
Established in 1951 with headquarters in New York City, our brand has long stood for conservative, high-quality, long-term investment solutions.
Strength
We are 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 Product
IN OUR VIEW, CASH MANAGEMENT STRATEGIES HAVE ALWAYS BEEN AN IMPORTANT PART TO A WELL-CONSTRUCTED PORTFOLIO.
Volatility in the stock and bond markets has created the need for a portfolio stabilizer. 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 registered funds that are not FDIC-insured but offer the potential for higher current income.
Through Pershing’s Cash Management Choice Product, you have the ability to 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.
*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.
RELATED RESOURCES
DREYFUS MONEY MARKET FUND DAILY HOLDINGSLong-Term Investment Capabilities
BNY can help you present your clients with a wide range of investment solutions.
RELATED RESOURCES
Market Insights
Our thoughts and perspectives on capital markets through
multiple lenses that can help you understand economic
policies, market themes and investment risks.
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Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.
For further information on the Dreyfus Insured Deposits terms and conditions, please contact your Pershing Relationship Manager or your Dreyfus Sales Representative.
Dreyfus Insured Deposits products are a product offered through a private labeling arrangement and is available only to clients of broker/dealers who clear through Pershing, LLC (Pershing). Pershing, Pershing Advisor Solutions, and BNYMSC earn fees (which may or may not be account-based) based on the amount of money in the Dreyfus Insured Deposit Product. BNY Investments is one of the world's leading investment management organizations encompassing BNY Mellon's affiliated investment management firms, and global distribution companies. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally. Dreyfus does not provide any services to Dreyfus Insured Deposits. BNY Mellon Securities Corporation is a registered broker dealer and distributor for the Dreyfus Insured Deposit Product. The Bank of New York Mellon (BNYM) is a NY state-chartered bank and BNY Mellon National Association (BNY Mellon, N.A.) is a national banking association. Both may participate in the products by holding your funds in Deposit Accounts. When your product balances are allocated to a participating bank, including BNYM and BNY Mellon, N.A., it will realize an economic benefit from them. The participating banks, including BNYM and BNY Mellon, N.A., do not have a duty to offer the highest rates available or rates that are comparable to money funds or those offered by other depository institutions. BNY Mellon Investment Adviser, Inc., BNYM, BNY Mellon N.A., BNYMSC, and Pershing are subsidiaries of The Bank of New York Mellon Corporation.
This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement, and should not serve as a primary basis for investment decisions. Please consult a legal, tax or financial professional in order to determine whether an investment product or service is appropriate for a particular situation.This information may not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorized. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.
Money Market Mutual Funds are not bank obligations and are not FDIC-insured. The Pershing Government Cash Management , Pershing Treasury Securities and 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 two categories of money market funds listed below. Please review for important information relating to your fund.
Retail Prime 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 if determined in the best interests of the fund to do so because of market conditions, reduced liquidity 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.
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. Although the fund's board has no current intention to impose a fee upon the sale of shares, the board reserves the ability to do so after providing at least 60 days prior written notice to shareholders.
By investing exclusively in U.S Treasury securities, income paid by the fund generally will be exempt from state and local taxes. Because rules regarding the state and local taxation of dividend income can differ from state to state, investors are urged to consult their tax advisers about the taxation of the fund's divided income in their state and locality.
Neither the market value of government securities nor the value of the fund’s shares is guaranteed.
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THE CONTENT ON THIS WEBSITE IS INTENDED FOR INSTITUTIONAL CASH MANAGEMENT INVESTORS ONLY. IT IS NOT INTENDED FOR THE GENERAL PUBLIC. USING THIS WEBSITE SERVES AS AN ACKNOWLEDGMENT THAT YOU ARE AN INSTITUTIONAL CASH MANAGEMENT PROFESSIONAL.
