Fidelity to Switch Advisor Custody Accounts to FCASH as Only Core Sweep Option
CityWire first reported this week on the change, expected to take effect in February. The 7-day yield on Fidelity’s SPAXX fund was 4.27% on Tuesday, according to Fidelity’s website. As CityWire noted, Fidelity uses the SPAXX fund for retail clients' …