Problem statement: Client A, a company with significant cash flows across multiple currencies and geographical regions, faced challenges in managing their cash assets effectively. With approximately £24 million in cash reserves, spread across three currencies, they sought a solution to diversify their cash and optimise their returns. 

Solution: Recognising the necessity for efficient cash management and diversification, Client A enlisted the expertise of The Private Office (TPO) Upon recommendation from TPO, Client A was introduced to us, Flagstone International, to address their challenges. Leveraging our platform, Client A, was able to instruct deposits in three different currencies with six different banks, spanning various tenures from Instant Access, through Notice Accounts and Fixed term deposits, ensuring diversification, competitive rates, and streamlined reporting. 

Quote: "We are very pleased with the level of service provided by Flagstone International. When we identified a client with non-UK connections and specific challenges regarding diversification and cash management which didn’t meet a traditional UK model, we knew Flagstone International was the right provider to help us resolve these issues. Working with FlagstoneInternational, we were able to ensure that our client's needs were met effectively, leading to a successful outcome. Their engagement with us to get the right result is superb.” Robert Morse, Senior Partner and Chartered Financial Planner at The Private Office.

Implementation Process: We were able to swiftly onboard Client A and once their account was opened, they were able to instruct all of their multicurrency deposits across six banks in a timely manner utilising our platform. Throughout the onboarding and funding journey, they received comprehensive support from our client services team, ensuring a smooth and efficient transfer of funds. 

Outcomes: Client A has gone from holding cash deposits at one bank on a rate of 2.3% to accessing deposit products from six banks with a blended annualised rate of return of 4.6%, resulting in almost £600,000 of additional annual interest and significant risk diversification*. 

Through our solution, Client A successfully addressed their cash management and diversification challenges. They achieved greater credit risk diversification, optimised investment returns, and positioned themselves for long-term growth and success