Prepaid card manager Galileo Processing has developed a white label digital banking product exclusively for financial advisors; the bank accounts will allow financial advisors to offer bank accounts and therefore give clients the ability to see all of their money in one place; the Money Plus Reserve Account pays 2 percent interest and the Money Plus checking account or spending account pays 1.24 percent; Ron Carson, the CEO and chairman of the Carson Group, said in an email to American Banker. “It’s one more way advisers can further entrench themselves into helping manage their clients’ financial lives without them needing another service provider.” Source.
