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FINANCIAL ADVISOR CASH SOLUTIONS

Insignis offers a range of solutions

CASE STUDY

Professional Introducers

Our Partnership Programme

Ever wondered how to best help clients with their cash reserves? We offer a range of cash solutions allowing your clients to receive more interest and benefit from greater security, leaving you time to focus on their wider investment opportunities. Need more information? Read the FAQs

Who can benefit?

We have a cash solution for your individual, business, charity or trust clients that have at least £50,000 to invest in cash savings.

HOW INSIGNIS WORKS

Why it’s good for you:

  • A dedicated relationship manager ensures your client’s needs are met
  • It protects your relationship with your client
  • You get greater visibility of your clients’ complete portfolio
  • You will be better placed to help your client when it becomes appropriate to invest their cash in other asset classes

Why it’s good for your clients:

  • A single sign-up for your client
  • Interest rate monitoring and management of their cash to get the best return
  • Money is always in the clients’ name, offering them safety and security
  • You and your clients can view their portfolio of accounts in real time via the Insignis website

Our solution offers you as much involvement as you and your client require.

High Involvement

We interact with you fully and never contact your client directly.

Medium Involvement

You and your client may both be involved with direct contact. Only one of you can operate the online system.

Low Involvement

You introduce your client to us and we deal directly with them.

Marketing the Service

We are pleased to provide everything you need to offer our Cash Solutions. We can assist with meeting your clients as well as providing marketing material.

GET IN TOUCH

Keeping you informed

Wealth Managers - App

App

We provide an app for all clients which enables them to check their balances and view their portfolio breakdown on the move.

Wealth Managers - Website

Website

Both you and your clients receive access to our secure platform. This enables 24/7 access to their portfolio of accounts showing where cash is deposited, together with applicable interest rates and notice periods.  You or your clients are also able to instruct further deposits or withdrawals.  A full transaction history is provided, as well as formatted downloads of client portfolios.

Wealth Managers - Tax statement

Tax Statement

We provide a consolidated statement of interest received on the client’s portfolio for each year. This is available via our secure platform or can be emailed or posted on request.

Support services for our Partners

We are pleased to offer the following options to members of our Partnership Programme. A charge may be applicable depending on the complexity of your requirements and your expected flow of deposits into Cash Solutions from Insignis:

Data Feeds

A regular feed of client balances and portfolio breakdown for you to upload into your own system.

Web service / API access

We can offer a web service which would deliver client balances and portfolio breakdown for you to integrate into your own system.

White-labelled solutions

A customised website with your branding.

Case Studies

Read about how Insignis has helped get higher returns for clients.

VIEW CASE STUDY

Guides

Get more information on relevant topics and insights on the Fintech and Banking industry that relates to your cash savings.

VIEW GUIDES

How it works

Our single sign in process makes depositing your money easy. Click here to see how it works.

HOW IT WORKS

Downloads

Find further information on the service and how it can help you and your clients here.

DOWNLOADS

 

Financial Advisor FAQs

How do we know you won’t run off with our client’s money?

All client money remains in the client’s name at all times, we have robust technology-backed procedures, like those used by solicitors when a house is bought, and relevant Professional Indemnity Insurance.

Full details are available in our ‘Security of Deposits’ document.

It’s a reasonable proposition but it won’t make me enough money to be worth my while?

Providing a solution for your clients’ cash gives you far more than a financial reward.  It’s great customer service. If you are looking after the client’s cash you know no one else is, and that they won’t have an opportunity to cross sell competing products. The advice you give your clients will be holistic as you will know about their cash.

Do you guarantee 100% FSCS protection?

For smaller deposits up to £500k, 100% FSCS* protection is a reasonable objective for the client, although they may prefer to prioritise other elements such as interest rate. For larger deposits full FSCS protection may not be practical, but we will always work with the client to determine their priorities and will tailor a solution accordingly.

*This provides an indication of potential cover. Deposit protection by the Financial Services Compensation Scheme (FSCS) is subject to the deposit eligibility. Details can be found at https://www.fscs.org.uk/what-we-cover/

Do you guarantee the best rates on the market?

We guarantee to provide competitive interest rates over the long term but in the short term there may be higher rates in the market offered by providers we don’t deal with as their processes are too onerous or their customer service too weak.

What do you mean by whole of market?

We receive from Moneyfacts a daily feed of every savings and deposit account available in the UK. In addition, we receive some other accounts direct from our banking partners.  We review all this information also considering how easy it is to do business with the institution and their customer service record to select a panel of banks and accounts which we will use for our clients.

How do we know you won’t poach our clients?

Insignis only offers Cash Solutions and a financial exchange service for clients who wish to swap their portfolio from, or to, a GBP portfolio. We, therefore, have no competing services that we would offer to your clients. For added security as part of the Professional Introducer Agreement there is a strong ‘No compete’ clause.

Why wouldn’t the client do this themselves?

Our biggest competitor is the client themselves, but clients who approach us have either been actively managing their cash and have found it too time consuming, or have all their savings sitting in a single account earning one uncompetitive rate. We find this particularly true of Corporate and Charity clients.

Aren’t we competing for the same cash? You want it for your service, we may want it for a client’s pension?

Cash Solutions from Insignis is a great place to park your client’s cash whilst you decide on a long term home for it.  Our clients fit into three broad categories:

  • Clients holding cash as part of a balanced portfolio
  • Elderly clients who are holding all their money in cash
  • The temporarily wealthy, perhaps they have sold a house or a business or inherited a sum. They use our Cash Solutions whilst planning their longer term financial needs.
In the current interest rate environment is their enough value in doing this?

Higher interest rate environments tend to coincide with higher inflation figures so the net benefit to the client is often the same.

With so many non-High Street brands offering competitive rates it becomes more difficult for individuals to keep on top of the most competitive rates that make a difference.

Won’t this make more work for us for little return?

We at Insignis do all the work for you. You provide a certified copy of the passport and driving license for the client (or directors / trustees if a corporate or charity entity) and give us the contact details. We do all the work on your behalf.

Alternatively, if you prefer to be more involved in the client’s journey, we are happy to support that too.

What kind of access can we expect as the client’s Advisor?

Unless the client requests us not to give you access, which we are duty bound to honour under the Data Protection Act, you will be able to view a client’s portfolio via your website access.  Access comes at two levels:

  • Standard access which allows the user to only see their own clients.
  • Super User access which allows the user to see all the clients referred by the firm.

Some firms request all users to have Super User access.

Your access is activated when your first client makes their first deposit.

What reporting do you offer?

Via the website you can instantly create a pdf of the client’s portfolio perhaps in advance of a meeting with the client. We also provide a consolidated interest statement for use when completing the client’s tax return.

Why are you different from other Cash Management services which we tried and found too much like hard work?

Cash Solutions from Insignis has been created by a team of people who are well experienced in the cash management space and have learned many lessons from how the market has evolved.

Our one signature solution ensures all correspondence comes via Insignis and our website makes for an easy experience for both clients and wealth managers.

If I am interested, what are the next steps?

Simply contact Joanna Spicer-Brown on 01223 200674 and we will arrange for a member of the team to visit you at a time and place convenient to you. We propose to complete all necessary documentation in a single session to minimise the time and hassle to all our clients.