Financial advice firm Kingswood has partnered with cash deposit platform developer Flagstone to launch a cash proposition to its 4,500 clients.
The AIM-listed wealth manager said the platform would offer its clients access to more than 550 cash deposit account options from 32 banks through a single, consolidated application. The firm, which has £2bn of assets under advice and management, said savings apathy had become a "real issue" in the UK. It referenced a report from the Centre for Economics and Business Research that found there was around £170bn sat in zero-interest accounts, up from £33bn in 2008. Kingswood seeks institutional investment for £100m of acquisitions Kingswood CEO operating platform and group CFO Patri...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
