Maintaining Suitable Cash Reserves

Though we do not offer any direct cash accounts a clients savings form the foundation of any financial plan and we work closely with our clients to ensure they have the correct amount of cash savings to cover any emergencies that may arise. Not holding sufficient cash reserves could leave you in an uncomfortable or vulnerable position and it is for this reason that your savings are the foundation for any medium to long term financial plan. Holding short term, easily accessible cash offers you reassurance for meeting those unexpected expenses.

We are able to introduce our clients to selected cash management opportunities, where these are appropriate. It should be noted that where a referral is made, the service will be separate and distinct to those offered by St. James's Place.

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Maintaining Suitable Cash Reserves

Wealth management is about taking care of all your financial needs together with those of your family; but the reality is that very few of us manage our finances as best we might. This is hardly surprising – the financial world is complex and fast-changing, with a myriad of choices available. Achieving a successful outcome means spending huge amounts of time researching those choices and options. And yet most of us have neither the time nor, it has to be said, the inclination to make the most of what is on offer.

The simple way out of this dilemma is, of course, to seek financial advice and, sensibly, many of us do just that. The problem is that much financial advice is too narrow, addressing the immediate need but failing to see the bigger picture. For example, if you ask for advice on investing tax-efficiently in an Individual Savings Account (ISA) you will probably get it.

What you don’t get, however, is a view on whether you would be better off putting the money into your pension plan or reducing your mortgage borrowing. Your financial situation is unique, so the core of wealth management should be a personal service and a long-term relationship with a chosen adviser, combining regular and comprehensive reviews of your personal finances.

Wealth management should provide a co-ordinated or holistic plan for all aspects of your affairs. Rather than sell you a financial product and never see you again, a wealth manager should be on hand throughout your life. For a successful relationship, you have to trust your wealth manager implicitly and there has to be empathy with your aspirations. Only in this way can you create a successful strategy for your financial affairs.

Your home may be repossessed if you do not keep up repayments on your mortgage.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up.
You may get back less than you invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief generally depends on individual circumstances.


You can read or download the full guide to Managing Your Cash.

Guide Coming Soon


Book a meeting with us today to discuss Managing Your Cash.

Call us: 01892 770 077