Two-thirds of IFAs and wealth managers now advising on cash

Its research found that there has been a 47% increase in the number of IFAs and wealth managers that are now advising on cash over the last three years. Two-thirds of advisers (62%) are likely or extremely likely to continue to proactively offer cash management solutions to their clients in the future, the findings also showed. These findings contrast with a similar survey run by the Flagstone in April 2021. At that time, under half (45%) of advisers were advising their clients on cash deposits within their savings and investment portfolios, and just over half (51%) expected to includ...