Convenient
and Time Saving
The Valet account is designed to help you save and invest more
efficiently. If you are like most people, you have at least
one bank account, two or more credit cards, and an investment
portfolio with a mutual fund company, brokerage firm or other
financial services organization. Each month you receive separate
statements from these companies. In order for you to know where
you stand financially, you need to review all of the statements
or access your account information separately. If you have questions
about particular transactions, you must make several phone calls
to satisfy your inquiry. Often this process takes a lot of time
and can be inconvenient.
Simplified Record Keeping
By incorporating all the services of a bank, a brokerage firm/mutual
fund company and a credit card company into one account, Valet
eliminates the effort of reconciling multiple statements each
month. And, the year-end summary statement can simplify your
record keeping efforts and speed up your tax preparation process.
Smart Money Management
With Valet, your cash deposits, investment income and securities
sales proceeds are conveniently "swept" to a high
yield money market fund of your choice. Money market funds
generally pay higher interest rates than bank checking accounts.
Borrowing Flexibility
Your Valet account also has a built-in overdraft (margin)
feature enabling you to borrow against your securities at
attractive rates.
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