Since our inception in 1974, Reich & Tang has maintained an uncompromising commitment to the highest standards in liquidity and short-term cash management services. For 39 years, Reich & Tang has successfully navigated volatile markets and many different interest rate cycles, and has provided competitive returns for our clients and investors, while remaining steadfast in our commitment to safety, liquidity, and capital preservation.
Reich & Tang’s clients include banks, broker-dealers, institutional investors, investment advisors, and public entities.
Reich & Tang is a wholly-owned subsidiary of Natixis Global Asset Management, L.P. (“NGAM”), one of the world’s largest money management organizations. NGAM is part of Natixis, which is a subsidiary of Group BPCE, the second largest banking group in France.
Reich & Tang's Products and Services
FDIC-Insured Deposit Sweep Program—An industry-leading sweep program that provides investors with the safety of up to $2.5 million in FDIC insurance (10 times the standard limit), and daily liquidity through the convenience of one account.
Money Market Mutual Funds—A comprehensive family of money market funds with a variety of investment objectives and portfolio strategies. Investors can choose taxable (prime, U.S. Government, and U.S. Treasury), municipal, tax-free, and offshore funds to meet their unique short-term cash needs.
Cash Management Account Services—A complete suite of cash management services including check writing, Visa® Gold and Platinum cards, ACH services, and online bill payment—all seamlessly integrated into sweep programs.
Demand Deposit MarketplaceSM (DDM)—A comprehensive, daily deposit and liquidity management sweep solution that enables all bank customers to earn interest and receive expanded levels of FDIC insurance. DDM enables banks to receive, send, or exchange deposits with other banks to meet their unique balance sheet management needs on any given day.
Taxable/Tax-Exempt Money Fund Sweep—A fully automated, daily money market mutual fund sweep that enables banks to decrease their deposit base, improve balance sheet ratios, and provide customers with potentially higher yields and a wide source of investment objectives.
Deposit Sourcing Solutions—Reich & Tang provides the most relevant and forward-thinking deposit sourcing solutions to banks of all sizes. These low-cost, stable, retail balances, which require no service transaction to banks, are ideal for funding loan growth, establishing or supplementing contingency liquidity plans, and diversifying counterparty risk.
Institutional Asset Management
Money Market Mutual Funds—A comprehensive family of domestic and offshore taxable, municipal, and tax-exempt money market funds.
Separate Accounts—Customized short-term cash management strategies tailored to the specific investment guidelines of institutional clients.
Acquisition and Sub-Advisory Services—Expertise in fund aquisition and the sub-advising and outsourcing of money fund and short-term portfolio management needs.