There has been a 47% increase in cash advice over the last three years
Against a backdrop of rising inflation and periodic bouts of market volatility, conventional attitudes towards investing have been challenged over the last 18 months or so.
Against the current economic backdrop of high inflation and rising rates, cash has re-emerged as a strategic asset, yet financial advisers could be missing the opportunity to earn more for their clients.
Investors are now holding more cash than ever and with rising interest rates, this resurgence is not surprising.
Depositors and investors look to cash as a safe harbour
Exclusive report from Flagstone explores cash opportunity
The platform enables savers to hold their cash safely and flexibly in one place, while finding opportunity for growth with Flagstone’s market-leading rates, says Mark Hicks.
The size of the cash market in the UK is huge and is growing amid the uncertain market backdrop, yet advisers are missing an opportunity to offer cash as a haven with a respectable rate of return, says Flagstone's Simon Merchant
Solving the problem of inertia in cash gives opportunities to both advisers and their clients, say Flagstone's Claire Jones and Grovewood Wealth Management's Lynne Gadsden.