R&T Deposit Solutions, also known as "The Cash Sweep People®," offers innovative cash management and deposit placement programs to financial intermediaries across the United States. The company's core business involves providing tech-enabled services that allow banks, broker-dealers, wealth managers, and other financial institutions to offer extended FDIC/NCUA insurance on their clients' cash deposits by 'sweeping' the funds across a network of partner banks. This ensures both security and competitive returns for the end-client's cash holdings. Historically an affiliate of Reich & Tang, R&T is now a standalone entity focused on being a trusted B2B partner in the financial services ecosystem.

Founded in

United States