Zenith Wealth Partners

Shifting Cash to Brokerages: Chelsea Ransom-Cooper Discusses Smarter Returns and Avoiding Overspending Pitfalls

Chelsea Ransom-Cooper, managing partner and financial planning director at Zenith Wealth Partners, speaks with The Wall Street Journal reporter Imani Moise about how people are moving their day-to-day cash out of typical checking accounts and into brokerage accounts for better returns. “If you notice that you tend to pull from different accounts pretty frequently, you probably don’t want to do this. You don’t want to put yourself in a scenario where you overspend and now you’re selling out of your portfolio to cover expenses because that defeats the purpose of being invested,” explains Ransom-Cooper.

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