The only reason why clients keep too much money in Cash is because . .
their Financial Adviser does not help them to manage it effectively
When the Financial Adviser does not engage with their client's cash, the client has no other choice but to work with their Bank or Building Society, who by defintion, are not good for any individual or business with more than £85,000 on deposit.
Also, referring your client to another 3rd party cash management provider creates the same outcome with cash because the more cash they hold, the more fees they can charge
The Self Fulfilling Prophecy!
1. Financial Advisers do not help clients to maximise the value of their cash
2. Clients work with their Bank or Building Society to manage their cash
3. Clients keep too much money in cash
Referring your client to another 3rd party cash management provider makes them more likely too keep too much in cash because that is how these providers earn their fees
Businesses,
Charities,
Clubs and Associations
Charities,
Clubs and Associations
Open
Individuals,
Power of Attorneys and Court Deputies
Power of Attorneys and Court Deputies
Open
Trusts,
Trustees and Beneficiaries
Trustees and Beneficiaries
Open
SIPP and SSAS
Personal and Occupational Pension Schemes
Personal and Occupational Pension Schemes
Open