By Julie Jason | [email protected] | PUBLISHED: September 9, 2019 at 2:00 am | UPDATED: September 9, 2019 at 2:08 am Have you noticed any changes with your brokerage account’s “sweep” account option? Sweep accounts are set up at the time you open your account; usually there is an option to sweep money you deposit in your brokerage account into a money market mutual fund to earn interest until you decide to put that money into a trade. Recently, money market mutual fund sweep accounts seem to be either disappearing or increasing in cost (total operating expenses), resulting in lower yields for customers. For example, a major firm’s sweep vehicles that I reviewed had what I consider to be very high costs (total operating expenses of 1% or more). In a recent Barron’s article, “How Brokerages Use ‘Sweep Accounts’ and Cash In on Your Desire for Convenience,” Daren Fonda noted that most brokerage firms no longer provide a money … [Read more...] about Julie Jason: Is sweep account relationship no longer mutual?