cash accounts.
We believe a healthy cash reserve is one of the most important components to long term investing. Cash allows investments to compound while life throws its inevitable curve balls.
When we talk about cash, this term is simply a placeholder for anything that can be quickly liquidated without risk of principal loss.
This might be a US Treasury purchased at par value maturing within a year, it could be a money market ETF, or ultra short-term bond fund.
In other words: cash equivalent
liquidity is resilience
Clients can simply keep a savings or money market account within their local bank, totally cool.
But sometimes it makes sense for them to put the cash away, outside of their local bank as a true reserve asset pool.
Flourish Cash
Flourish cash management allows our clients access to an exceptionally high savings yield with enhanced FDIC protection.
When cash is held separately from the primary banking institution, it becomes easier to emotionally separate it from liquid savings and begin to view it through the lens of an overall financial plan.
Special Use Case Brokerage:
Oftentimes, the simplest solution wins.
We can easily accommodate short term cash planning by setting up a TOD, Joint, or Trust account through Altruist linked to their primary checking.
The cash account can reside on our system, and we will not subject the account to the billing cycle.
This is a courtesy account.