Since launching Flourish Cash Institutional, nonprofits have grabbed our attention. It’s not uncommon for nonprofits to hold 6 months or more of operating expenses in cash,1 often earning close to 0%.
In fact, nonprofits held more than $400 billion in cash and cash-like instruments in 2017.2 Earning higher interest rates on that cash could make a meaningful difference to these organizations.
48% of HNW individuals volunteered their time or talents to charitable organizations they care about2018 U.S. Trust Study of High Net-Worth Philanthropy
With Flourish Cash Institutional, you can help change that by offering a powerful value-add service to your current clients, while even using Flourish Cash Institutional to gain more exposure to nonprofit boards as part of your prospecting efforts.
Want to learn more?
We’re excited to help advisors and clients use Flourish Cash Institutional to build and strengthen relationships with nonprofits. Email us at firstname.lastname@example.org or call us at (833) 808-5700.
The Flourish Cash Team
Flourish Cash is a service offered by Stone Ridge Securities LLC, a registered broker-dealer and FINRA member. Flourish Cash is not a bank account, but the cash balance in a Flourish Cash account is swept from the brokerage account to deposit account(s) at one or more third-party banks that have agreed to accept deposits from customers of Stone Ridge Securities LLC (“Program Banks”). The accounts at Program Banks pay a variable rate of interest. Your investment advisory firm is authorized by Stone Ridge Securities LLC to invite its clients to open Flourish Cash accounts but does not have any authorization from Stone Ridge Securities LLC to provide any advisory or brokerage services for those Flourish Cash accounts or provide instructions on those Flourish Cash accounts.
1 Source: Grantspace.org, https://grantspace.org/resources/knowledge-base/operating-reserves/.
2 Source: Federal Reserve, https://www.federalreserve.gov/releases/z1/20181206/html/b101n.htm.