What does other cash sweep vehicle revenues — other income mean?

Revenue earned from interest or fees on client cash balances held in non-bank sweep investment vehicles.

Discontinued — last reported Q3 '18

Products & Services · Other Income

Other Cash Sweep Vehicle Revenues — Other Income

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityModerate

First reportedQ3 2017

Last reportedQ3 2018

Rolls up toMembership and other income

How to read this metric

An increase suggests higher client cash levels or improved yield spreads on cash management products, while a decrease may indicate lower cash balances or compressed interest rate spreads. It reflects the firm's success in capturing revenue from the cash management portion of the advisory platform.

Detailed definition

This metric represents the revenue generated from cash sweep programs where client idle cash balances are moved into int...

Peer comparison

Comparable to net interest income or cash management fees reported by other independent broker-dealers and wealth management platforms that utilize multi-tier cash sweep architectures.

Metric ID: lpla_segment_other_cash_sweep_vehicle_revenues_other_income

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Frequently Asked Questions

What does other cash sweep vehicle revenues — other income mean?: Revenue earned from interest or fees on client cash balances held in non-bank sweep investment vehicles.