Deposit Sense Ltd

31/10/2024

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IF you have cash on deposit and are looking for financial advice, make sure you use the Trusted Financial Adviser Register (https://trustedfinancialadviserco.uk) to find a Financial Adviser that will help you to maximise the value of cash, just like the one in the link above.

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23/09/2024

I was 26 years into the financial planning profession . . .

when I saw people queueing outside the Northern Rock Building Society wondering whether or not, they were going to get any of their money bank after Northern Rock collapsed. Wondering how they were going to recover their hard-earned savings.

At the time, the level of protection afforded by the FSCS was just £35,000.
Northern Rock was just the first . . .

Alliance and Leicester, Cheltenham and Gloucester, Bradford and Bingley, Derbyshire, Britannia; the list goes on.

As a regulated financial services professional, I simply asked myself:
“who is best placed to help individuals and businesses to make sure their cash is properly protected?”

Accountants?
Solicitors?
Banks?
Or the Financial Adviser?
The individual or business themselves??
No-one. Don’t bother. It’s not important.

By definition, no bank or building society can help anyone with more than £85,000 without sending them to another bank or building society – NOT GOING TO HAPPEN!

Accountants and solicitors provide skills, knowledge and services not akin to any form of financial planning activity.

Should clients be left to fend for themselves?

Any answer to this question, other than it being the financial adviser, puts shame on the financial services profession. In fact, in my mind, it is not a profession when financial advisers ignore helping the client with their most important financial asset.

This is why I set up Deposit Sense; to put the financial adviser at the heart of this activity to bring even more value and security to their clients.

19/09/2024

This is why individuals and businesses should only work with financial advisers . . .
. . that help them to manage the value of their cash as part of what they do.

Important to point out, that only the effectively managed cash in the example below is 100% protected by the Financial Services Compensation Scheme.

So, if you have cash, you should only work with a financial adviser that helps you to look after it.

The numbers shown below are live on 14th September 2024.

I have given examples against the 4 of the biggest banks - but even the numbers shown against those 4 are unlikely to be obtained by most customers. To get any sort of return you have to know how to manage the money.

So, over £4,000 going begging + 100% FSCS protection. Many individuals and businesses fall into this trap. Your financial adviser should be the one to help.

After all, if a financial adviser isn't helping you to manage your finances, who is?

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09/09/2024

We updated our Past Performance Chart over the weekend, which shows how well the value of your cash could grow if it was managed effectively.
It also shows other key indices and how they performed in comparison.
Property is an interesting one.

On our website you can change the dates over which the chart spans making it possible to highlight the shorter term performance over the longer term one.

If you put in a shorter time frame, say over the last 5 years, the performance of property is very different.

05/09/2024

We have launched our Trusted Financial Adviser register.

We believe that helping individuals and businesses to manage and protect their cash should be a fundamental part of the financial planning process.

We have a number of Financial Adviser Firms and Individuals who believe the same.

The Trusted Financial Adviser register shows who they are.

If you are looking for financial advice, we strongly recommend you use one of these contacts because when you understand the value you can obtain when you manage and protect your cash, you will be able to make better financial planning decisions.

And you will earn more money.

17/04/2024

The FSCS are once again advertising the value of their protection on cash deposits held with FSCS registered banks and building societies. The fact is that ALL Financial Adviser should be able to help their clients ensure their cash is fully protected. The reality is that most do not know how to and are not inclined to.

Only Financial Advisers using the Deposit Sense Effective Cash Management system have the tools to help their clients maximise and protect the value of their cash with

https://www.youtube.com/watch?v=mtgX17SQW6M a quick and efficient review.

10/01/2023

Are you protecting the quality of your regulated advice by showing your clients the best value they can obtain from their cash.

Cash is a clients most fundamental financial asset and understanding its value helps them to make better quality financial planning decisions.

It changes their attitude to risk.

It changes their capacity for loss.

It helps to protect vulnerable clients.

It enhances the quality of the financial planning process.

It demonstrates you are managing your conflicts of interest.

It will help you to produce more regulated business.

28/10/2022

Our members differentiate their service proposition by helping clients to understand and protect the value of their cash within their financial planning process, resulting in clients being able to make more informed financial planning decisions.

26/10/2022

Not all businesses qualify for the protection of the FSCS, so those that do should make sure they are fully covered.

25/10/2022

Not all business owners qualify for the protection of the FSCS on their cash. They need to know about this and have a plan or structure to minimise the risk. Financial advisers using the Deposit Sense Effective Cash Management system can help.

https://depositsense.co.uk/

24/10/2022

Cash is very important to individuals and businesses and Financial Advisers are perfectly placed to help make sure their clients protect their money with the Financial Services Compensation Scheme. Join the growing list of Financial Advisers that engage properly with their clients and their cash by engaging with the Deposit Sense Effective Cash Management system.

FREE TRIAL available at www.depositsense.co.uk