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Manning & Napier introduces bank deposit investment accounts.

BANKING AND CREDIT NEWS-June 14, 2016-Manning & Napier introduces bank deposit investment accounts

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Manning & Napier, Inc. (NYSE: MN) has introduced bank deposit investment accounts (BDIA), a new product that is part of a comprehensive cash management strategy for higher educational institutions and municipalities, the company said.

Benefits to organizations investing their excess cash in a BDIA include the potential to earn more than traditional bank accounts, no limit to the amount that can be deposited, a professionally managed solution that can be customized and cash maintained in one highly liquid account with no lockup periods or penalties for early withdrawals.

Manning & Napier provides a broad range of investment solutions as well as a variety of consultative services that complement the investment process. Founded in 1970, the company offers equity, fixed income and alternative strategies, as well as a range of blended asset portfolios, such as life cycle funds.

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Publication:M2 Banking & Credit News (BCN)
Date:Jun 14, 2016
Words:166
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