Specialist Banking & Mortgages
Successful financial planning is not all about pensions and investment. It is just as important to consider how we manage our cash holdings and mortgage debts.
Achieving the best interest rates possible for our cash funds, mortgage payments and even currency exchange rates can have a significant impact on our financial wellbeing, so with the access we have to specialists we can guide you through these areas.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Since 2009, until relatively recently, interest rates have been at historically low levels, so for cash savers, businesses and charities it has become harder and harder to make your cash holdings work for you.
We can now provide a solution for this through SJP’s cash management service powered by Flagstone.
Please note this involves the referral to a service that is separate and distinct to those offered by St. James’s Place.
Flagstone provides an online cash management portal enabling you to manage your cash deposits across a panel of more than 20 banks and hundreds of different deposit accounts at the push of a button. You only need to complete one application with Flagstone and then no further paperwork is required to switch between banks.
Using the Flagstone portal will help you maximise interest rates or to minimise risk by diversifying deposits across a number of banks, managing Financial Services Compensation Scheme limits.
This cash management service is available through Flagstone to:
- Clients with a minimum of £25,000 cash to deposit
- Private individuals
- Business clients
- Charity clients
- SIPP/SSAS and other trust accounts
We are able to provide you access to TorFX, the preferred currency exchange service of St. James’s Place Wealth Management, to help with all your foreign exchange and international payment services.
Through TorFX You will be provided with an online account to monitor the status of your transactions, which is available to you 24/7. Over 60 currencies are available and will be in your account within two working days of receipt of the sale currency.
Whether you require currency exchange to buy a holiday home abroad, need to exchange money for your travels, or you work abroad and need to convert this into domestic currency on a regular basis, TorFX can assist. TorFX provide modern, flexible and competitively-priced services, which include spot and forward contracts, as well as regular payment schemes.
Please note that the St. James’s Place guarantee does not apply to the service offered by TorFX.
