Dec 03 Program Invitation to Not-for-Profits: Flourish Cash Institutional

Sax LLP, through its affiliate Sax Wealth Advisors, LLC, a fee-only registered investment advisory (RIA) and financial planning firm, is pleased to offer a convenient platform for not-for-profit organizations to open a highly liquid FDIC insured deposit account, Flourish Cash Institutional (FCI).  This program is a service of Stone Ridge Securities LLC, a registered broker-dealer and FINRA member; pays one of the highest rates in the market; and is available from select RIAs, including SAX Wealth Advisors, LLC

The advantages of FCI for not-for-profit organizations include:

• Maintaining availability while maximizing the value of idle cash balances
• Avoiding concentration of risk and related financial statement disclosures
• No program costs or fees – Sax Wealth Advisors, LLC does not receive any referral fees or commission from Stone Ridge Securities, LLC.

The FCI rate is based on the daily effective Fed Funds rate, with FDIC coverage up to $1.5MM.  Access to the program is by invitation only and initiated upon request to Sax Wealth Advisors, LLC.

To learn more about the program, click here.

For questions, or to inquire about an invitation, please contact Carole Lombardi, Operations Manager at Sax Wealth Advisors at [email protected].