A Schwab rep called on Monday. We talked about Schwab acquiring a lot of former Vanguard customers and what Schwab can do for them, like waiving Vanguard fund fees. A very open conversation, where I asked for fee waivers and Schwab was amenable within limits (still get charged on most families). I asked about a transfer bonus and he responded without hesitancy - though for one promotion he said he'd have to double check that it was still available. In short, an offer I couldn't refuse.
(The call was from an office 20 miles away. He offered to have someone call from my local office, but I declined since I would use the local office at most quite infrequently.)
I got follow up calls from Schwab on Tues (to confirm offer) and today (to ask if I wanted to open an account now or wait until I'd positioned assets for the transfer). No pressure, but then again I'm going to transfer most of my Vanguard assets there, so what's to press?
FWIW, I'm also looking at Merrill for its current transfer offer (see below) and as a replacement for Vanguard Cash Plus, where I have VUSXX and a bank sweep paying 4.6% (was 4.7%). I like to keep a modest amount in a bank just in case the world collapses or the credit markets freeze up again. Merrill offers institutional class shares of third party MMFs with a $1 min.
I also spoke with Fidelity, who pitched their services as being superior, and specifically highlighted Schwab's poor MMF rates. My response was that at Merrill I can do better than at either Fidelity or Schwab. Mostly we went over ground that's been covered ad nauseum here already.
Merrill transfer bonuses ($1K for $250K transferred, $400 for $100K, $200 for $50K, $100 for $20K).

Bought before FOMC. Could not tell the inception AUM but the Volume was good. It is possible it was marketed well.

I did not add after the initial purchase because AUM is not increasing after the first 10 days when it gathered about $90M- current AUM $110M. Currently, BUFB AUM is about the same.
It is intriguing to me why BUFB (discussed earlier in this thread) has not gathered more AUM (and interest in this forum), given how well it has done in the 28 months since inception. It has done better than most moderate allocation funds and surrogates (like JHQAX (HELO)) forum members appear to use.

FOMC Statement, 6/12/24
https://www.federalreserve.gov/newsevents/pressreleases/monetary20240612a.htm

Unhappy customer: Why I finally took my business from Vanguard to Charles Schwab
https://finance.yahoo.com/news/unhappy-customer-why-i-finally-took-my-business-from-vanguard-to-charles-schwab-180758503.html

For retirement plan classes (K at Fido, R1-R6 elsewhere), minimums would apply to plans, but plans may have no minimum for participants. This is because typical purchases are from regular salary payments. These retirement classes cannot be transferred in-kind on job changes or termination.
There are several ST-TIPS ETFs - VTIP, STIP, TDTT, STPZ. But TIPS funds were disasters in the bond selloff of 2022. Problem is that they have a strong duration effect. So, it is best to just buy ST-TIPS at auction or in the secondary market at brokerages.

The example I gave of an issue with T+0 had to do not with T+0 intrinsically, but rather with the friction between T+0 and T+1. It came from personal experience and I presented it only as an existence proof that inconsistent MMF settlement dates do create problems. At least at Merrill.
A while back there was another thread containing a few posts about potential gotchas with T+0 itself.

I like the idea of looking at NRSRO ratings such as Fitch. Financial institutions will usually give their ratings on their website.
For example, here's Morgan Stanley Bank's ratings. Morgan Stanley has its own credit ratings and separate ratings of its subsidiaries. Scroll past the former to get to the Morgan Stanley Bank ratings.
I also like Weiss (not an NRSRO). From WSJ, May 6, 2010 (subscription required):

Weiss Group LLC, an independent research provider, bought back a financial-institutions rating business it previously sold and intends to apply for the unit to become a "nationally recognized statistical ratings organization," or NRSRO, the group's chairman said.
The unit, Weiss Ratings, produces "financial-safety ratings" for hundreds of U.S. banks and insurance companies and doesn't accept compensation from the companies it rates.
...
The ratings from Weiss are meant to be an indicator of the risk and financial soundness of banks and insurance companies. They are similar to the "financial strength ratings" that NRSROs like Moody's Investors Service and A.M. Best currently provide on financial institutions.

Here's Weiss' rating of Morgan Stanley Bank, and Weiss' page describing its bank ratings in detail.
DepositAccounts rates Morgan Stanley Bank a B+ for health. The single 3* rating that you see is just a subjective rating by a user apparently disappointed with the rate offered on a CD. It has nothing to do with safety, which end users are ill equipped to comment on.
https://www.depositaccounts.com/banks/morgan-stanley-bank-national-association.html#health

https://www.sec.gov/Archives/edgar/data/1762332/000139834424011580/fp0088639-1_497.htm
497 1 fp0088639-1_497.htm
FROST FAMILY OF FUNDS
(the “Trust”)
Frost Municipal Bond Fund
(the “Fund”)
Supplement dated June 11, 2024 to the Fund’s Summary Prospectus (the “Summary Prospectus”), Prospectus (the “Prospectus”) and Statement of Additional Information (“SAI”), each dated November 28, 2023
This supplement provides new and additional information beyond that contained in the Summary Prospectus, Prospectus and SAI, and should be read in conjunction with the Summary Prospectus, Prospectus and SAI.
The Board of Trustees of the Trust, at the recommendation of Frost Investment Advisors, LLC (the “Adviser”), the investment adviser of the Fund, has approved a plan of liquidation providing for the liquidation of the Fund’s assets and the distribution of the net proceeds pro rata to the Fund’s shareholders, effective as of August 5, 2024. In connection therewith, the Fund is closed to investments from new and existing shareholders effective July 31, 2024. The Fund is expected to cease operations and liquidate on or about September 5, 2024 (the “Liquidation Date”). The Liquidation Date may be changed without notice at the discretion of the Trust’s officers.
Prior to the Liquidation Date, shareholders may redeem (sell) their shares in the manner described in the “Purchasing, Selling and Exchanging Fund Shares – How to Redeem Fund Shares” section of the Prospectus. For those Fund shareholders that do not redeem (sell) their shares prior to the Liquidation Date, the Fund will distribute to each such shareholder, on or promptly after the Liquidation Date, a liquidating cash distribution equal in value to the shareholder’s interest in the net assets of the Fund as of the Liquidation Date.
Beginning August 5, 2024, in anticipation of the liquidation of the Fund, the Adviser may manage the Fund in a manner intended to facilitate the Fund’s orderly liquidation, such as by holding cash or making investments in other highly liquid assets. As a result, during this time, all or a portion of the Fund may not be invested in a manner consistent with its stated investment strategies, which may prevent the Fund from achieving its investment objective.
The liquidation distribution amount will include any accrued income and capital gains, will be treated as a payment in exchange for shares and will generally be a taxable event for shareholders investing through taxable accounts. You should consult your personal tax advisor concerning your particular tax situation. Shareholders remaining in the Fund on the Liquidation Date will not be charged any transaction fees by the Fund. However, the net asset value of the Fund on the Liquidation Date will reflect costs of liquidating the Fund. Shareholders will receive liquidation proceeds as soon as practicable after the Liquidation Date.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

Most investors should keep it simple. The SP500 has proven that over long time, think 20-30 years it beats most stock funds because it represents 2 simple ideas
1) American capitalism.
2) The index is a cap weighted index
Bogle built Vanguard on that.
Why mess up with this formula is beyond me? but many "experts" have been trying for decades to come up with "great" new ideas and many continue to fall for that.
It doesn't mean it's a guaranteed but in most cases, less is more, more diversification usually means more trading= more mistakes.
It gets worse, so much time and energy are being wasted too.

FYI - The link takes one to the login page.
If you're already logged in (requires a Merrill account) the link takes you to the cited page. If you have a log in but are not logged in, then when you log in on that login page you'll land on the cited page.
If you don't have a login, you can still get the list of available MMFs from the next link (rates and mins). But you won't know what their settlement date is or by what hour you must submit orders for execution on the indicated day (ranging from 11:45AM to 5:00PM(!)).
Why it matters is that settlement dates affect when cash is needed for trades. I've been unable to do an exchange between two MMFs in the same family simply because they had different settlement days. I had to sell one fund and subsequently buy another. What other timing/trading impacts the differences in settlement days have I leave as an exercise.
Among other things, the inability to invest pennies means that small amounts of cash (earning virtually nothing) will gradually pile up. If your fund is paying $N.75 per month, then you'll have 75¢ in cash after one month, $1.50 in cash after two months, etc. I expect loose change in a couch but not in a financial institution. Material or not, this is a shortcoming that I've not seen at any other institution.

"MMFs at Merrill (generally next day settlement funds don't restrict transactions to whole dollars)" [underline added to show the previous link location.] FYI - The link takes one to the login page.
"A couple of quirks with buying this [FSIXX] via Merrill is that it settles same day, not T+1"
What is the concern with T+0?
"one can only invest whole dollars"
Is that a material concern? I am not sure I am following.

Tech XLK Rebalancing
The next rebalancing of tech XLK may lead to a drastic change.
Its indexing rule limits the super-sized weight total to 50%, so MSFT and AAPL are super-sized now, but NVDA’s weight is clipped*, and everything else is capped under 5%. If NVDA continues to have market=cap bigger than AAPL, then NVDA would be super-sized (i.e. MSFT, NVDA would be super-sized), and AAPL would be clipped*. This would require selling $11.4 billion of AAPL and buying $9.8 billion of NVDA. Both being maga-caps, this may be just a ripple, or not.
Other tech ETFs do things differently and won't be affected by this change in XLK.
*This is a weird aspect of SPDR XLK indexing rule. More rational would be to proportionately reduce the super-sized weights, but XLK takes it all from the smallest of the group, now NVDA.
https://www.morningstar.com/etfs/arcx/xlk/portfolio
https://x.com/JSeyff/status/1800602335733059779
https://theedgemalaysia.com/node/715084

@msf- If you can temporarily pool enough cash to get into SUTXX, once that fund is open you can reduce the holding to well below the $1m. I was advised on that at our local Schwab branch, and that's our situation at the moment, having just taken cash from SUTXX to buy a couple of CDs

Oddly enough, we just got a call from Fidelity. It was from the rep just assigned to our account after two years without one.
Since I'm in the process of moving assets from Vanguard (all to Fidelity and then some, possibly, to a new Schwab account), I had an extended conversation of what I'm looking for. Including a solid Treasury MMF. He made the same suggestion as you - if I can temporarily pool enough cash to get into FSIXX (Fidelity's equivalent of SUTXX), then I can reduce the holding to any amount.
I admit it - we're not starved for cash - but $1M is a whole heap of pocket change. Merrill provides access to FSIXX with a $1 min.
A couple of quirks with buying this via Merrill is that it settles same day, not T+1, and one can only invest whole dollars. I believe that even div reinvestments must be in whole dollars; any remaining cents go into the settlement account.
To avoid these quirks, at Merrill one might instead use TFFXX. Blackrock reports that 98.65% of its income was state-exempt last year, and 98.81% was state-exempt in 2022.
MMFs at Merrill (generally next day settlement funds don't restrict transactions to whole dollars)
MMF rates and mins

@hank, Yogi said BKIPX is for retirement plans, like work place 401(k), not for retail.

Thanks for the suggestion.
Elsewhere (another thread) I considered SGOV or USFR as partial subs for Vanguard Cash Plus (which can hold MMFs as well as having a bank sweep).

I could use an internet bank for FDIC-covered cash (many still paying 5%+), and something like SGOV or USFR for liquid Treasury cash.

It looks like USFR has done slightly better than TFLO, outperforming or matching returns each year since 2017, with higher Sharpe ratio albeit with slightly higher volatility.
Portfolio Visualizer comparison
As it turns out, last year at least USFR held slightly more in Treasuries (99.9868%) than did TFLO (97.76%). Though that difference could easily be noise and could vary year by year. They're both essentially 100% Treasury funds. Just don't try telling that to the state taxing authorities :-)
A problem using ETFs (or any bond fund) in lieu of a MMF is that either one takes the monthly divs in cash (rather than reinvesting) or one runs the risk of dealing with wash sales on each redemption. A minor nuisance but still something one needs to keep in mind.

@WABAC - The other way around. "Musk had redirected about 12,000 Nvidia H100 graphics processing units originally shipped to Tesla (TSLA) to two of his other companies, X and xAI."

Talk about a conflict of interest and/or corporate malfeasance.... and yet he wants $50billion more salary from Tesla despite screwing them over. Yeah, good job, Melon, you cosplaying business jenius.

Was wondering where to put this.

“If Tesla is to retain Elon's attention and motivate him to continue to devote his time, energy, ambition and vision to deliver comparable results in the future, we must stand by our deal," she added.

"I prefer an iPhone to Android. Android always seems like the worst Linux I ever installed.
And it's difficult to break the google connection."
Another option is to install Graphene OS on a Google Pixel phone.
Google apps and services are not bundled with Graphene OS.
Security and privacy will be greatly improved.
https://grapheneos.org/features

That sounds like a great thing to do with a recycled phone that allows users to change the battery without an advanced degree and a suite of specialized tools. Do such things exist these days?
In the meantime, I have Unihertz Atom I could play with.
Thanks for the tip.
Add>> Only supported on Pixels. I don't have any of those lying around. Found other "ROMs," but would they support my three main apps? ¯\_(ツ)_/¯
These days my computer hobby time goes into qGis projects. But maybe I'll try something on the Atom. It's practically a brick anyway.

and I'll do the daily double for "special purpose GPU financing vehicle for oh, say $1,000 please....

@WABAC - The other way around. "Musk had redirected about 12,000 Nvidia H100 graphics processing units originally shipped to Tesla (TSLA) to two of his other companies, X and xAI."

Talk about a conflict of interest and/or corporate malfeasance.... and yet he wants $50billion more salary from Tesla despite screwing them over. Yeah, good job, Melon, you cosplaying business jenius.

If you are looking for a highly competitive MM interest rate for your cash and can't find it at your brokerage, why not just put it into iShares Treasury Floating Rate Bond ETF (TFLO)?
Currently, the 30 Day SEC Yield is 5.33%. In addition, while interest on US Treasury bonds is taxable at the federal level, it is exempt from state and local income taxes.
TFLO currently invests 100% in Treasuries, hence the fund's interest is tax exempt at the state and local level.