A financial advisory firm opened a Flagstone business account to grow its funds
After referring his clients to Flagstone, Chris Alpe, the Principal of Alpe Wealth Management, decided it was time for his practice to benefit too.
This article is not advice. If you would like to receive advice on your savings and investments, consider speaking to a Financial Adviser.
Chris Alpe
Principal, Alpe Wealth Management
In conversation with Chris Alpe, a Chartered Financial Adviser and Principal of Alpe Wealth Management
Chris Alpe manages one of the 2,500 St James’s Place Partner practices working with Flagstone. Now, his practice's funds earn more too.
What helped you decide to use Flagstone for your practice?
I am a great advocate for utilising this service for my clients
The lower minimums made the system more accessible, and the ease of maximising cash returns based on access requirements is attractive. I am a great advocate for utilising this service for my clients and now that the corporate account has a more attractive minimum deposit size, it was a no brainer.
What are the benefits of the SJP Cash Deposit Service, powered by Flagstone?
I had my funds sitting in a savings account with a high street bank that provides my business banking services. The interest has always been poor, and other banks offered more attractive short-term rates. But this would create a never-ending cycle of changing banks, chasing interest rates.
What do you find most valuable about the platform?
The ability to access non high street rates without the need for continuing drawn out research.
The tool allowing me to see any overlap with grouped banks impacting the Financial Services Compensation Scheme (FSCS) protection is also attractive.
The new Cash ISA is also really attractive as ISAs tend to hold a lot of client funds which previously prevented usage for a lot of my back book.
Have you used the SJP Cash Deposit Service for a long time? Do you usually recommend it to your clients?
I tend to recommend the service to all retail clients but have been strongly pushing the service to corporates given their high working cash holdings typically receiving really poor rates.
I tend to recommend the service to all retail clients.
Join Flagstone for Business
Open a business account for your practice’s cash with Flagstone and access 250+ business savings accounts with competitive interest rates. All in one place.
If your firm is a St James’s Place Partner practice, you can refer your practice following these instructions.
Protect and grow
your clients’ cash
With Flagstone, your clients can open and manage hundreds of savings accounts from up to 65+ banks. All in one place, with one application.