Industry Voice: How to find opportunity in cash

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.  

Sarka Halas
clock • 1 min read
Industry Voice: How to find opportunity in cash

Financial advisers say that cash is coming up in conversation with clients more now than two years ago and more clients are interested in holding more cash than previously.  

The flight toward cash among advisers' clients is largely driven by two factors: cash is a stable, haven asset in uncertain times and interest rates are now high enough that investors can receive significant risk-free returns. 

Yet, 82% of financial advisers' retired and retiring clients hold cash in bank accounts that offer little interest when they could access rates as high as a respectable 4.51% with some providers.  

 The rise in rates has driven more cash deposit providers into the market, resulting in a wider range of options and increased complexity around the products offered. 

 With so much choice in front of them, advisers are at risk of missing the opportunity to find the best cash solution for their clients. 

Cash platforms solve these problems by having one application process for one account. This gives investors access to a variety of savings accounts and -  depending on the platform -  exclusive and market-leading interest rates.  

Read on to learn more about the opportunity in cash.

More on Investment

David Coombs: How to stop the exodus to Uncle Sam

David Coombs: How to stop the exodus to Uncle Sam

What's needed to stem the flow of UK companies rushing to list abroad?

David Coombs
clock 16 May 2024 • 3 min read
Infrastructure spend could help push growth despite bleak outlook

Infrastructure spend could help push growth despite bleak outlook

'One of the things that will drive the background music is inflation'

Hope Coumbe
clock 15 May 2024 • 1 min read
Future of Investment Festival: Three weeks left to secure a spot!

Future of Investment Festival: Three weeks left to secure a spot!

Targeted at sustainable, forward-thinking finance professionals

Professional Adviser
clock 15 May 2024 • 1 min read

In-depth

Women in Financial Advice Awards 2024: All the nominations!

Women in Financial Advice Awards 2024: All the nominations!

More than 1,500 nominations for 792 women from 337 companies

Professional Adviser
clock 08 May 2024 • 21 min read
Addressing the need for fresh talent in the advice industry

Addressing the need for fresh talent in the advice industry

‘Firms must offer compelling reasons for advisers to stay’

Isabel Baxter
clock 01 May 2024 • 9 min read
Juggling two careers: An IFA's journey on and off the basketball court

Juggling two careers: An IFA's journey on and off the basketball court

'Advice and basketball both require teamwork and accountability'

Sahar Nazir
clock 01 May 2024 • 4 min read