Cash Is King, When It’s In The Right Place At The Right Time

Work hard. It’s the key ingredient in successful businesses. But if someone, or something, isn’t working optimally, that success can be compromised.

What about the cash in your business? Is that working as hard for you as it could be? Of course, cash is king. Having enough of it is critical to staying in business. But just because you’ve got to have it doesn’t mean that you should let it tick along, earning whatever rate of return your high street bank wants to pay.

“Just like the people and other assets of the business, your surplus funds should be working as hard as possible for you,” says Sharon Calderini of Pinnacle Wealth Management. “All too many of us are guilty of inertia when it comes to our personal banking arrangements. It’s the same for businesses. Yes, the return on cash still isn’t great, but there’s no reason why we shouldn’t squeeze every pound from the money we’ve got on deposit.”

A business needs cash for its day-to-day needs, but there may also be funds that can be put aside for longer-term projects or security. With the right advice, you can put in place efficient and effective strategies for both your short and long-term cash needs.

The SJP Cash Deposit Service, powered by Flagstone, provides a simple and innovative solution to managing your short-term cash confidently and flexibly. It enables you to maximise returns and minimise risk.

“You’ll have 24/7 access to across around 450 instant access, term and notice accounts offered by up to 50 selected banks,” adds Sharon. “You can easily compare, open and manage multiple accounts, securing better deposit rates which are often not available to high street customers. There’s only one application form to fill in. After that, you’ll be able to switch accounts at the press of a button.”

Cash is the right place for the money you need for day-to-day expenses and to meet unexpected costs. But there may be surplus money that could be invested tax-efficiently to help secure the longer-term future of your business.

“We can help put in place the right investment solution for your business; one that matches your attitude to risk and provides the scope to achieve better returns over the long term, whilst diversifying risk and potentially reducing the tax your business pays on that money,” says Sharon.

Cash doesn’t have to be boring. A combination of innovative solutions and expert advice can help ensure all the money in your business is pulling in the same direction.

The minimum deposit required to open an SJP Cash Deposit Service account is £50,000 for personal clients and £250,000 for corporate and charity clients.

In conjunction with Metro bank, we can also provide access to a range of exclusive savings accounts, including:  Instant access and fixed-term accounts, Cash ISAs and trust accounts.

The savings range is supported by the dedicated service centre at Metro Bank. For more information on either of these services, please get in touch with us. Existing Metro Bank clients can log into internet banking.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and the value may therefore fall as well as rise.  You may get back less than you invested.

An investment in equities does not provide the security of capital associated with a deposit account with a bank or building society, as the value & income may fall as well as rise.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.

The services provided Flagstone and Metro Bank are separate and distinct to those offered by St. James’s Place.

Pinnacle Wealth Management LLP is an Appointed Representative of and represents only St. James’s Place Wealth Management Plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the Group’s wealth management products and services, more details of which are set out on the Group’s website at The `St. James’s Place Partnership’ and the titles `Partner’ and Partner Practice are marketing terms used to describe St. James’s Place representatives.

SJP Approved xx/xx/xxxx

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