Wealth Advisers - Flagstone - The Smarter Cash Platform
 0203 745 8139
Wealth Advisers

MORE INTEREST. LESS RISK.

EXCLUSIVE, BEST-IN-MARKET RATES;
1.50% 35 DAY NOTICE ACCOUNT AND 1.40% INSTANT ACCESS ACCOUNT.

Flagstone’s cash deposit platform enables you to help your clients earn more interest income from the cash in their portfolios in an efficient, scalable, safe way. Flagstone provides access to hundreds of deposit accounts through a single application. By using the Flagstone platform, making a client’s cash work harder is simple, improvements are immediately visible and future value is easy to demonstrate. It's a simple way to add value to your proposition and deepen your client relationships.

Indicative of the best-in-market rates currently available to clients are a 1.50% 35 Day Notice account and a 1.40% Instant Access account. These rates are exclusive to the Flagstone platform. To find out more, watch our short video or get in touch with us on 0203 745 8139.

PLAY VIDEO  

THE BENEFITS

Better returns

Better returns

On average Flagstone clients increase the interest they earn on their cash deposits by between two and nine times.

Offset your fees

Offset your fees

By helping your clients to increase the interest income on cash in their portfolio, you can offset your overall advice fee.

Say goodbye to paperwork

Say goodbye to paperwork

Deposit account opening is paperless after the initial set up.

Acquire and retain clients

Acquire and retain clients

Flagstone's unique cash platform can open doors with new clients and consolidate your relationships with existing clients.

No more waiting around

No more waiting around

Account opening turnaround times are typically 2 days, so your clients can earn interest more quickly.

Clear and comprehensive account options and bank analysis

Clear and comprehensive account options and bank analysis

You can match accounts to your clients’ unique deposit criteria.

Free of charge

Free of charge

Flagstone is free for wealth advisers to use with no limit on how many clients you add.

Add value to your proposition

Add value to your proposition

The Flagstone platform provides you with additional insight into your clients' investible assets, enabling you to deliver a more comprehensive value proposition.

Access comprehensive reporting

Access comprehensive reporting

Secure 24/7 access to detailed records and reporting on all deposits, so you can easily pull up a report on each client’s portfolio.

Contact Us Request a demo

REVOLUTIONISING THE DEPOSIT MARKET

Providing your clients with access to hundreds of higher rate deposit accounts at the click of a button

A secure online platform

A secure online platform

Flagstone's unique platform enables you to increase the interest income your clients earn on their cash - typically by between two and nine times – and simultaneously reduce risk through diversification.

Access hundreds of accounts

Access hundreds of accounts

The platform provides your clients with secure online access to hundreds of market leading and exclusive deposit accounts from a broad selection of UK and offshore banks on completion of just one application, with no requirement for any subsequent paperwork.

Simple and efficient

Simple and efficient

In just a matter of clicks, you and your clients can identify and open multiple instant access, notice and/or term deposit accounts, to generate more interest income and reduce risk through diversification.

HOW THE PLATFORM WORKS

1 Set your Deposit Criteria

Using a simple filter tool, set the criteria for your deposits based on value, account type (instant access, notice and/or term deposits) and your liquidity needs.

2 Browse accounts

Review all the accounts that meet your criteria.

3 Clear and transparent analysis

Clear and transparent financial strength analysis is available for each of the banks on the platform. This is distilled down into a simple Financial Strength Score (out of 100) to enable you to make an informed decision.

4 Select and execute

Select the deposit accounts which meet your needs and simply click on them to add them to your portfolio. View the overall interest that will be payable on your portfolio and when you are happy with your selections click to confirm. Flagstone will then execute these deposits.

5 Reporting

View all your deposits at a glance with 24/7 secure online access. You will receive consolidated monthly statements and an annual summary for tax reporting.

From £1,600 p.a. to £13,718 p.a. and diversification x 8

Wealth Manager facilitates 8.5 times more interest income and greater diversification for their client.

Challenge: The client was holding a single large cash sum in an account with a ‘high-street’ bank earning just 0.10% p.a. A persistent low interest rate environment and the onerous and time consuming nature of bank account opening processes have, in combination, fuelled client inertia and increased clients’ risk exposure through lack of diversification. As a result, this Private Client was earning just £1,600 p.a. on their £1.6 million cash asset.

How Flagstone helped: An introduction to Flagstone from the individual’s Wealth Adviser gave them access to >450 instant access, notice, term and currency accounts on completion of just one account application form. The Wealth Manager identified their client’s issue and recognised that Flagstone's cash deposit platform could provide them with the opportunity to generate significantly greater returns on this key element of their wealth, and importantly also diversify their deposits across a number of UK authorised banks, each providing Financial Services Compensation Scheme (FSCS) protection, to reduce the client’s risk exposure.

The result
  • Deposit
    Size

    £1.6m

  • Previous
    Interest Rate

    0.1%

  • New
    Interest Rate

    0.86%

In the space of just a few days, thanks to the recommendation of their Wealth Manager and access to the Flagstone platform, the client was able to research and open accounts with eight different UK banks, increasing their interest income (from £1,600 p.a. to £13,718 p.a.) and reducing their risk exposure through diversification. The Flagstone platform gave the Wealth Manager the opportunity to provide a more holistic value proposition to their client and have 24/7 visibility of their client’s cash asset (and associated maturity dates) allowing them to deepen their relationships through more frequent engagement. Moreover, by encompassing their client’s cash asset as part of their wealth proposition, the Wealth Manager was able to substantially increase their Funds Under Management.

More interest. Less risk.

If you have private, corporate or charity clients - or prospective clients - with cash held in accounts earning little or no interest, then utilising the Flagstone platform could help you quickly and easily realise better returns for them.

Flagstone’s unique cash platform gives your clients access to hundreds of deposit accounts at the click of a button, enabling them to earn more interest income and minimise risk through diversification and greater utilisation of FSCS deposit protection. Clients typically increase the interest paid on their cash deposits by between two and nine times.

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Award Shortlisted

Flagstone is shortlisted for 'Best Fintech Partnership' 2017

Shortlisted for the Best Fintech Partnership at the UK Finance and London Institute of Banking & Finance Financial Innovation awards 2017, celebrating customer excellence in banking and finance.

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