The Ledger
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Rampell: InvestCloud powers white-label robo-advising for Chase, Schwab, and Fidelity
“There's another company called InvestCloud that nobody's heard of, but if you have a Chase account, or if you have a Schwab account, or if you have a Fidelity account, they're the ones that are doing the wealth front for those guys.”
Rampell: Chase pays 0.1% yield on $1 trillion in core deposits
“So Chase has about a trillion dollars in core deposits, so it's a lot of money, and the average yield that they make on one of those, if you have a money market or a current account at Chase, you're earning about .one percent, so not a lot. Chase has the secon…”