Wealth manager Evelyn Partners International has joined forces with Jersey-based cash deposit platform Flagstone International.
The partnership will give Evelyn Partners International clients access to an online platform that allows multiple deposit accounts from bank partners to be opened in a single registration.
The platform allows clients to keep up with the top interest rates and spread their money across several accounts in jurisdictions outside the UK without needing to go through multiple onboarding processes. Clients will have 24/7 online access to their portfolio.
They will also have ongoing visibility of interest accrued on their deposits, consolidated monthly statements and an annual summary.
Flagstone International is regulated by the Jersey Financial Services Commission.
Grow cash savings
Matt Falla, managing partner at Evelyn Partners International, said: “The new cash deposit platform that we’ve launched with Flagstone International will allow clients to effortlessly transfer money between accounts so they can react quickly to new interest rates and make the most of their savings. This will not only save them valuable time but can bring achieving financial goals closer by helping to grow their cash savings.
“This service will help support clients who want to put their money in two or more accounts. For example, some may lock up a lump sum within a higher-rate, fixed-term account, while the rest sits in an easy-access account ready for a rainy day. Clients will be able to access the deposit products of a range of banks, many of which are provided exclusively to users, and deposit monies securely.”
Andrew Thatcher, chief executive of Flagstone International, added: “Hundreds of thousands of customers across the UK now use our technology to manage their cash deposits more efficiently and the opportunity to deploy our solution in the international market with high quality distribution partners such as Evelyn is a hugely exciting development as part of our ambitious growth plans.”
