Common questions

What is Managed Reserve and how is it run?
Managed Reserve is our automated cash desk — the account we built for people who would otherwise leave spare balances sitting in a savings product. It routes uninvested cash into a government-backed money fund drawn from our approved list (we label these Reserve Funds) and picks the one with the strongest projected after-tax return given the residency and filing details you give us. We track published yields daily and will move your allocation whenever doing so improves net earnings without asking you to give up liquidity.
How do I start using Managed Reserve?
Answer a short intake about where you file, how you file, and what you expect to earn this year. Link a funding account, choose an opening amount, and we place the balance the same business day the transfer settles. Nothing else is required from you afterwards.
What does Managed Reserve charge?
A flat 0.35% annual advisory fee, billed monthly against the average balance. There is no entry charge, no exit charge, and no separate transaction fee. Each underlying fund carries its own operating expense, which is already reflected in the yield it publishes.
How are payouts handled?
Request any amount from the dashboard and we begin the sale that trading day. Proceeds settle on the standard brokerage cycle and reach your linked account in one to three business days. There is no lock-up period and no penalty for taking money out.
How does Managed Reserve reduce my tax drag?
Income from government paper is often exempt from state and local tax, and the value of that exemption depends entirely on where you file. We compare each eligible fund on an after-tax basis for your own profile rather than ranking them by headline yield.
What kind of safeguards does Managed Reserve carry?
Balances are held in your name at our clearing partner and are never mixed with company assets. The funds we use hold short-dated government obligations, which sit at the conservative end of the risk spectrum, though they are investments rather than insured deposits.
How does Managed Reserve pair with my other Orrery accounts?
It appears as a separate sleeve in the same dashboard, so you can move cash between Managed Reserve and your longer-horizon strategies without leaving the platform. Transfers between sleeves are internal and usually complete within a single trading day.

Disclosures: *Rate shown is current as of 2/19/26 and reflects the strongest 7-day yield among the funds on our approved list at that moment. Individual funds set their own entry minimums, some as high as $2,500; balances that fall under a fund's minimum may be placed in a share class paying less than the figure quoted here. Published yields move daily and are not a promise of future return. The number above is stated before the 0.35% annual advisory fee is applied.

Managed Reserve holds money funds that invest primarily in short-dated U.S. Treasury obligations and other government paper. Your balance is directed to the fund on our list that we expect to deliver the strongest after-tax result for you, weighted by the state you file in, your filing status, your adjusted gross income, and the size of the balance itself. When Orrery describes a yield as the "strongest" or "best" available, or uses words such as "improve," "higher," or "better," we are speaking only about the anticipated after-tax yield among the funds Managed Reserve can reach. Those descriptions come out of a rules-driven comparison built on the tax details you supply and are not a commitment that performance will improve. Any 7-day yield quoted for a fund inside Managed Reserve is not guaranteed, does not forecast what that fund will earn next, and responds to market conditions. Quoted yields are net of each fund's own operating expenses but are not net of Orrery's 0.35% annual advisory fee, because distributions are paid by the fund directly and are not reduced for platform charges. Any projection we show accounts for the advisory fee separately. Balances in Managed Reserve are not deposits, carry no FDIC insurance, and are not guaranteed by any bank — unlike a checking account or a high-yield savings product. They also follow standard trade settlement windows and brokerage processing rules, which can delay the moment cash becomes available to withdraw. Ordinary bank accounts usually clear faster and transfer to an outside institution more readily, so weigh that difference when you decide where short-horizon money should sit. Managed Reserve is built for tax efficiency, but after-tax figures are estimates and real outcomes will differ. Orrery retains discretion over how assets are allocated. We can offer general tax information and context, but we are not a tax practice, and nothing written here should be read as tax advice. We strongly suggest speaking with a qualified tax professional about your own circumstances and filing obligations. Orrery does not control the investment policy of any fund on the list, and a fund may change its holdings, its expense ratio, or its minimum without notice to us. If a fund closes to new money or leaves our approved list, we will move the affected balance to the next best eligible option and tell you afterwards rather than pausing the account. Past results, including any yield shown anywhere on this page, tell you nothing reliable about future results. For more detail, see the Managed Reserve Risk Summary linked below.

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