Investment Cards RIA (ICRIA) offers an internet-based program that allows participants to establish a cash management account (CMA). The CMA includes a transaction account and an investment account. Participants can move funds between these accounts. ICRIA selects a limited menu of securities, typically government money market funds, ultrashort bond funds, and short bond funds. The investment accounts are self-directed, and participants decide how much money to transfer and invest. ICRIA exercises limited discretion by selecting and updating the investment menu.
Fee Structure
ICRIA offers an internet-based program where participants may pay advisory fees to ICRIA. Participants may also incur direct or indirect fees and expenses charged by others, such as a broker-dealer. Program investments are typically limited to mutual funds or exchange-traded funds.