Carry Smart Yield
Automated cash management that allocates to tax‑optimized money market funds for higher after‑tax yields.
What is Carry Smart Yield?
Smart Yield is Carry Advisors’ automated cash‑management product that continuously allocates cash to a curated set of money‑market funds, selecting the one that offers the highest tax‑equivalent yield based on the user’s income, state of residence and investment amount.
Key Features
Who Will Use Carry Smart Yield?
How to Use Carry Smart Yield
- 1Sign up for a Carry membership (Core or Pro) and log in to the platform.
- 2Provide your tax information – state of residence, adjusted gross income, filing status, etc.
- 3Deposit cash into your Carry account and enable Smart Yield.
- 4Carry’s algorithm automatically selects and allocates the cash to the money‑market fund with the highest tax‑equivalent yield.
- 5Dividends are automatically reinvested; withdraw cash as needed (typically 4‑7 business days to settle).
Pros & Cons
Pros
- Potentially higher after‑tax yields than standard bank savings
- Fully automated fund selection and reallocation
- Advisory fee currently waived
- Dividends automatically reinvested
- Accessible through a single platform
Cons
- Investments are not FDIC‑insured; money‑market funds can lose value
- Yields are variable and not guaranteed
- Withdrawal settlement can take several business days
- Underlying funds may have minimum investment requirements
- Advisory fee will apply after Jan 1 2026
Pricing
Core
$29 / month or $299 / year
- Solo 401k, IRAs, and Taxable Brokerage accounts
- Access to equities, ETFs, mutual funds
- Smart Yield and Robo‑advisor access
- Optional add‑on services (tax filing, bookkeeping, financial planning)
- Full access to 20+ educational courses
Pro
$49 / month or $499 / year
- All Core features
- Invest in crypto within Traditional or Roth IRA
- Alternative investments for Solo 401k, Roth IRA, Traditional IRA
- Advanced Solo 401k support including EACA credit filing
Frequently Asked Questions
What exactly is Smart Yield?
Smart Yield is an automated cash‑management product that allocates cash to strategic money‑market funds (U.S. Treasuries, government securities, municipal bonds) selected to maximize tax‑equivalent yield based on your tax situation.
Are there any fees associated with Smart Yield?
Carry Advisors charges a 0.20% annual advisory fee on Smart Yield assets, which is waived until Jan 1 2026. Individual money‑market funds also have their own expense ratios that are deducted from yields.
How quickly can I access my funds?
Money‑market funds settle in 1‑2 business days. After settlement, an additional 3‑5 days are needed for the cash to appear in your Carry cash account, for a total of roughly 4‑7 business days.
How often does Smart Yield move my funds?
The algorithm monitors yields continuously and reallocates only when there is a material improvement in tax‑equivalent yield, balancing potential gains against transaction costs and market exposure.
How does Smart Yield determine my tax bracket?
You provide tax inputs (state, AGI, filing status, household income). The system estimates your federal and state tax brackets to select the most tax‑efficient fund. It does not account for all possible deductions or credits.
How does Smart Yield work with retirement accounts?
For IRAs and Solo 401k accounts, Smart Yield bypasses tax‑optimization and selects the money‑market fund with the highest pre‑tax yield, since the accounts already have tax‑advantaged status.
Can I use Smart Yield if I live in a state without income tax?
Yes. The algorithm will then focus on selecting the fund with the highest pre‑tax yield, still providing professional management and automated allocation.
Will Smart Yield reinvest my dividends?
Yes, all dividend earnings are automatically reinvested back into the same money‑market fund, allowing potential compounding without user action.
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