WMIQ

Flourish / Wealth Management IQ Survey Finds Advisors Vastly Underestimate Clients’ Held-Away Cash Holdings

Retrieved on: 
Tuesday, March 26, 2024
CRM, FDIC, APY, Wealth management, Research, Insurance, WMIQ, RIAS, Safety, Operation, Orbit, Financial adviser

Key findings and insights include:

Key Points: 
  • Key findings and insights include:
    Clients’ cash holdings are vastly underestimated: Surveyed advisors believe their average client holds 7% of their net worth in cash, while high net worth individuals actually hold more than 30% of their net worth in cash .
  • Clients want high yield on their cash: 92% of advisors report that their clients have expressed interest in high-yield savings accounts (HYSAs).
  • Advisors have the opportunity to improve relationships while helping clients earn more by offering a cash management solution to every client."
  • Flourish Cash , Flourish’s cash management solution, built explicitly for RIAs, offers clients competitive interest rates and elevated FDIC insurance through its Program Banks.

Mason Investment Advisory Services Recognized in the Wealthmanagement.com RIA Edge 100 List

Retrieved on: 
Tuesday, March 28, 2023
RIA, Certification, WMIQ, Growth, AUM, RIAS, Wealth management, CFP, Sarita Adve, Financial adviser

RESTON, Va., March 28, 2023 /PRNewswire/ -- Mason Investment Advisory Services, Inc. (Mason), a Reston, VA-based registered investment advisory and financial planning firm, is pleased to announce it has been recognized in the Wealthmanagement.com RIA Edge 100 list. Developed by Wealth Management IQ (WMIQ) and Discovery Data, the list recognizes RIAs with the most impressive growth rates combined with the best client ratios and most CFP certifications.

Key Points: 
  • RESTON, Va., March 28, 2023 /PRNewswire/ -- Mason Investment Advisory Services, Inc. (Mason), a Reston, VA-based registered investment advisory and financial planning firm, is pleased to announce it has been recognized in the Wealthmanagement.com RIA Edge 100 list.
  • The methodology and weighting were intended to give a clear picture of firm growth as it relates to client service.
  • "We are honored to be named to this prestigious list of advisory firms," said Scott George, President and Co-Chief Investment Officer of Mason.
  • RIA Edge 100 firms are selected because they are experiencing outsized growth while continuing to provide high-quality, hands-on service to an expanding client base.