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STONECASTLE CASH MANAGEMENT, LLC
Who is StoneCastle and what is FICA for Advisors?
They are our high-yield cash account solution to attract held-away cash and provide additional value to our clients. FICA is administered by StoneCastle Cash Management, LLC, a firm that has been providing insured cash solutions to Fortune 500 companies, family offices, and other institutions for more than a decade.
Unlike other investment discussions that may be reserved for select clients, the cash conversation is universal. Every client, regardless of portfolio size or risk appetite, has a relationship with cash. Now with no deposit minimum, you can engage with 100% of your clients and open the door to rapid organic growth by way of held-away cash.
- Competitive APY
- FDIC insured up to $100 million per tax ID
- Overnight Liquidity
- No deposit minimum, no fees, no transaction limitations
- Simple online application
Advisor Benefits
The Held-Away Cash Opportunity: As a wealth manager, you are always focused on providing the most comprehensive solutions to your clients, which includes discussing their cash. And when you have the best “pound for pound” cash solution relative to yield, safety, and liquidity at your fingertips, seizing on the cash opportunity can be easily incorporated into client discussions. There is more than $5 trillion in U.S. banks that is either uninsured or earning nothing. It is a powerful conversation starter to ask all clients about their cash and being able to potentially show them a way to increase yield while decreasing their risk.
FICA for Advisors advisor.cash portal gives advisors the flexibility to pre-fill FICA applications prior to sending to clients. This #1 requested enhancement helps make the application process more efficient for advisors and clients. Directions for sending a pre-filled application are to the right.
Benefit to Clients - Sample Use Cases
- “Self-fund” life insurance policies with the same dollars that were in the bank
- Consolidate multiple banking account relationships into one account
- Client selling a business? Fully insure sale price instead of taking credit risk at a money center bank
- Clients associated with non-profits, HOAs, foundations that have insured cash needs
- Supplement rental property mortgage payments
- Liquidity events | Inheritance/sale of a home or business
Email Scripting
Dear ,
I am pleased to share with you that I now offer the Federally Insured Cash Account (“FICA®”), an FDIC insured high-yield cash account designed to help maximize the safety, liquidity, and yield on your cash balances held outside of Wealthcare.
Cash has become an increasingly important part of comprehensive wealth management conversations, so naturally I wanted to introduce you to FICA®. I enjoy finding ways to help my clients potentially increase their returns on total assets while lowering their risk. The unique combination of a competitive yield and the highest FDIC insurance limits in the market has caught the attention of many of my clients that are either earning too little at the bank or have cash balances that are uninsured, or both.
I’ll be calling you in the coming days to discuss the immediate value that FICA® offers. At the very least I’d like to talk about any cash you may have that is uninsured so we can remedy that as quickly as possible.
If you would like to discuss sooner, please contact me directly at .
Sincerely,
For More Information Contact
Alison Sinicropi, VP, Intermediary Sales:
asinicropi@stonecastle.com
Direct: (347) 887-0349