The cost of interest-bearing liabilities for the second quarter was 23 basis points, and total cost of funds including noninterest-bearing deposits was 16 basis points.
For example, total debt, cash plus interest-bearing securities and accounts receivables must each be less than 33% of the trailing 12-month average capitalization.
Advisers often encounter investors who hold growth and dividend stocks in their plans and keep interest-bearing investments in their non-registered accounts.