Pacer Financial partners with Save for cash management platform

Pacer Financial announced a strategic partnership with financial technology firm Save to distribute the company's Liquid Market Savings Platform through brokerage and wealth management channels. Under the agreement, Pacer will serve as an investor and distribution partner for Save's cash-management solution.

Save's platform combines FDIC-insured bank deposits with equity market exposure, offering daily liquidity and extended FDIC insurance protection beyond the standard $250,000 limit. The technology diversifies capital across multiple FDIC-insured bank accounts through banking partnerships.

"With the Federal Reserve cutting rates and investors increasingly focused on returns, liquidity, and yield, Save's platform provides advisors with a timely, differentiated tool to help clients put idle cash to work," said Sean O'Hara, Director at Pacer Financial.

Portfolios using Save's products will incorporate select Pacer ETFs, including COWZ, LCOW, and TRFK, along with other benchmark ETFs. The platform aims to provide an alternative to money-market funds for advisors managing client cash holdings.

"Together with Pacer, we are bringing a new liquid cash solution to the market where clients can participate in such markets without the associated risk," said Michael Nelskyla, Save's CEO and Founder.

Pacer Financial operates as a national wholesaling organization and FINRA member that distributes investment products through financial advisors. Save Technologies is a financial technology company providing deposit innovation services, with an SEC-registered investment adviser affiliate called Save Advisers.

The information is based on a press release statement from Pacer Financial.

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