Kingswood has launched a new cash proposition in partnership with Flagstone.

The listed UK based wealth manager has partnered with the cash deposit platform developer to provide a platform which allows access to more than 550 cash deposit account options from 32 banks through a single, consolidated application.

The platform will also provide access to market-leading rates as well as offering FSCS deposit protection of £85,000 per depositor per bank.

Patrick Goulding, CEO Operating Platform and Group CFO at Kingswood, said: “We are delighted to have further expanded our client offering by partnering with Flagstone.

“Their innovative cash platform enables clients to access market leading rates and open multiple accounts at the click of a button.

“We are excited to provide our clients and advisers with an online tool that helps them to manage the cash element of their portfolios efficiently and successfully.

“These additional value-added services available to our expanding client base highlight the breadth and depth of our offerings.”

Simon Merchant, Co-Founder and Co-Managing Partner of Flagstone, added: “We’re partnering with the UK’s largest and most forward-thinking wealth management firms to deliver value to clients and their advisers.

“The Flagstone platform enables clients to make their cash work harder and strengthens the adviser’s value proposition; consolidating the relationship and giving the adviser a more holistic understanding of their clients’ wealth.”