We’re extremely excited – almost as excited as we were when we established JPWM in 2012 – to introduce you to SimpleCash™. Brick and mortar banks pay little to nothing on cash and trying to obtain competitive rates via the internet is a tedious, ongoing challenge. Let us further simplify your financial life with SimpleCash™.
We partnered with Flourish Cash because they are owned by one of the world’s largest financial firms, MassMutual, and have no minimum account size. We also have partnered with StoneCastle for some larger accounts. Altogether, we provide access to over 1,000 banks and $25,000,000 in FDIC insurance with one account – one 1099 – and very little time or headaches for our clients. And, unlike wealth management where you may not feel comfortable talking about your investments with friends and family, we believe everyone would appreciate knowing about this simple approach to getting more for their cash with less time and frustration!
Flourish Cash has partnered with hundreds of RIA firms like ours across the country. We will initially provide access at no cost to our clients at Flourish and will charge just 2 basis points (bps) per month when we begin charging in the months ahead to match what we will charge at StoneCastle. That’s just 0.24% per year which looks like this written as multipliers – 0.0002 per month and 0.0024 per year (meaning we get paid $20 a month per $100,000 on the platform).
Send us an email at scj@jacksonpwm.com or keleigh@jacksonpwm.com and we’ll help you get connected!