Why an SJP practice opened a business savings account with Flagstone
An SJP practice now benefits from the same competitive interest rates and simplicity it's been recommending to its clients.
This article is not advice. If you would like to receive advice on your savings and investments, consider speaking to a Financial Adviser.
James Justice
Director, Justice Wealth Management
In conversation with James Justice, Director of Justice Wealth Management
James Justice from Justice Wealth Management, a Partner Practice of St. James's Place, has been providing financial advice for over 20 years. He started his business five years ago, with a particular focus on supporting other business owners.
We spoke with James to learn why he opened a corporate account for his practice through the SJP Cash Deposit Service, powered by Flagstone, and the benefits it’s brought.
What helped you decide to deposit your practice’s cash reserves with the SJP Cash Deposit Service?
We wanted a solution that would allow us to make better use of our practice’s cash reserves without increasing administrative complexity. The SJP Cash Deposit Service offered access to a range of deposit accounts through a single platform, making it easier to manage cash efficiently while benefiting from competitive interest rates.
Where were your funds placed before and how is the SJP Cash Deposit Service different?
Previously, our cash reserves were held with a high street bank, which meant we had limited access to the wider market and the frustration with either accepting lowering interest rates or having to commit time opening new saving accounts. Having the app also really helped managing the funds. Being able to use the interest to reinvest back into the business is something we really value.
What do you find most valuable about the platform?
The most valuable aspect is its simplicity and efficiency combined with achieving higher interest rates.
How long have you been using the SJP Cash Deposit Service, and do you usually recommend it to your clients?
We have been using the service for around two months. Prior to having it ourselves, we regularly recommend the platform to our clients, particularly the corporate and personal accounts. We often get very positive feedback from our clients.
We often get very positive feedback from our clients.
James is one of 5,400+ advisers referring clients to Flagstone. Now his practice enjoys the same benefits he’s been recommending to his 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.
* The minimum deposit for referred individual or joint account clients is £50,000. This rises to £100,000 for UK-registered companies, and £250,000 for charities and trusts (including SIPPs and SSASs). The minimum deposit for individual or joint account clients referred by Partners of St James’s Place is £10,000.
**All eligible deposits benefit from FSCS protection of up to £120,000 per client, per banking group.
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