How does the cash sweep and daily sweep work in conjunction?

If you select to have a Cash sweep and have an Automatic investment plan, two sweeps are occurring on the account.

If there are any new contributions made to this account on any day within the month and meets the minimum initial or additional amount, the contribution amount will sweep according to the Automatic investment plan that has been set on the account.

For any contribution made that does not meet the minimum initial or additional amount will sit in the Self-Directed Portfolio, the cash will sit in that portfolio until the Cash sweep occurs on the 22nd of each month contingent on the two requirements being met. If they are met the cash will sweep and follow the Automatic investment plan created.

Note: The Automatic investment plan is only used as a mechanism for new contributions, this tool will not be used as a way of rebalancing and sell down for an account.