King & Shaxson

Enhance returns on your cash holdings

Cash Management Portfolio Service

King & Shaxson have a long a rich history in the UK money markets, dating back to 1866. Our pedigree within money markets is evident to this day, as a member of the London Money Market Association (LMMA) and with the Debt Management Office as a primary participant in UK Treasury Bills. This privileged position provides direct access to the primary market via the weekly treasury bill tender.

Cash is often an overlooked asset class when it comes to fund management, however King & Shaxson can optimise the return on a cash portfolio through investments into money market instruments, predominantly UK treasury Bills, but also other assets such as gilts.

We work closely alongside clients to understand their cash management needs. Once these are established, assets can be put to work in an efficient and productive way to enhance the yield on clients cash holdings.

Disclaimer: The information contained is for general information purposes only and should not be considered a personal recommendation or specific investment advice. If you chose to invest, please remember that the value of investments and the income arising from them may fall as well as rise and is not guaranteed.

Cash Management Information Request

Complete the form below to be contacted about our cash management service. By clicking submit, you agree to being contacted by King & Shaxson.

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Benefits and Important Information

Highly secure

Investments into short dated securities such as UK treasury bills is a highly secure way of enhancing the yield on cash investments. Pershing Securities are the custodian of King & Shaxson Asset Management’s client assets. As an FCA regulated custodian, Pershing are required to comply with the FCA’s rules on client money and assets (“CASS Rules”). The CASS rules require firms that hold client money and assets to ensure that these assets are segregated and ring-fenced from their own assets.

Highly Flexible

Investments will be into highly liquid, daily traded securities, such as UK treasury bills. There is no 'lock up' period or small limit on the amount you can invest like some savings accounts or bonds. Investors can access their funds at short notice should their situation change. Although please note, a minimum fee of £2000 + VAT per annum is applied. Clients who leave within a year will be charged this minimum fee upon account closure. For a £1m portfolio, this equates to 0.20% + VAT.

Enhance returns

With many individuals and corporates receiving interest in their bank or savings accounts well below the bank rate, shorted dated securities can be used to enhance the return whilst taking on limited risk. Through King & Shaxson, investors have access to the primary treasury bill market where returns are much more competitive versus the secondary market.

Minimum Investment & Charges

The Minimum Investment amount is £500,000. King & Shaxson charge an annual management fee of 0.20% + VAT as well as a dealing fee of 0.05%. Please note, a minimum annual charge of £2000 + VAT is applicable and will be applied upon early account closure. For more information on the assets used in our cash management service or confirmation of the charges, please click the link below:

About Cash Management Investments
Cash Management Service Charges

The Process

This service is suitable for individuals, charities or corporates who have a high cash balance and would like it professionally managed to maximise the returns on an asset class over a range of durations. This service builds on King & Shaxson’s role in money markets to provide access to instruments not readily available to investors, such as UK treasury bills.

This service is largely a buy and hold strategy, whereby client’s outline their investment horizon, and King & Shaxson’s investment managers, at their discretion, will select suitable investments to match this, predominantly government debt. For example, an individual or corporation may have sold part of their business and have a sizeable cash balance available. The client can utilise King & Shaxson’s investment managers to invest the cash balance into a range of high-quality liquid assets on an ongoing basis.

The assets held within the portfolio are daily traded, such as UK treasury bills and UK government bonds (Gilts), meaning funds can be readily available, although it is important to note, this could realise a financial loss given the requirement to sell the assets in the secondary market. Clients will also be subject to the minimum management charge.

Contact & Account
Opening

Please complete the form at the top of this page to be contacted by King & Shaxson. Should the service be suitable, account opening documents will be required.

Portfolio
Construction

King & Shaxson’s investment managers will begin buying assets suitable to the investment profile and duration requirements. This will be done on a discretionary basis.

Portfolio
Review

The portfolio will be viewable online. Access to funds can be made upon request, noting early withdrawals can lead to financial losses.

Disclaimer

Legal Information

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Access

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No basis for decision-making

All information contained in this Site has been prepared by King & Shaxson on the basis of publicly available information, internally developed data and other sources believed to be reliable. It is for general information purposes only and should not be considered an individualised recommendation or personalised investment, tax or legal advice. The information is subject to change without notice. Reasonable care has been taken to ensure that the materials are accurate and that the opinions stated are fair and reasonable. All opinions and estimates constitute our judgement as of the date of publication and do not constitute general or specific investment advice. All numbers are unaudited unless otherwise stated. Furthermore, please note that King & Shaxson and/or its affiliates and employees may have interests or positions in relevant securities or may have a relationship with the issuers.

No Warranty

King & Shaxson does not warrant the accuracy of the information and materials provided herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. King & Shaxson will not be responsible for any loss or damage that could result from interception by third parties of any information made available to you via this Site. Neither King & Shaxson, nor any of its affiliates, directors, officers or employees, nor any third party vendor will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this Site, or resulting from the act or omission of any other party involved in making this Site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the Site or this information and materials, whether or not the circumstances giving rise to such cause may have been within the control of King & Shaxson, any entity of the PhillipCapital group, or of any vendor providing software or services support. In no event will King & Shaxson, its affiliates or any such parties be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if King & Shaxson or any other party have been advised of the possibility thereof.

Money Laundering

As a result of money laundering regulations additional documentation for identification may be required when you make your investment. Details are contained within the relevant documentation. Data Protection King & Shaxson process and store personal data in accordance with the requirements of the Data Protection Act 1998. Any personal information supplied will be used primarily to answer your enquiry or to fulfil any of our contractual obligations to you. Personal data will not be held longer than is reasonably necessary. Consequent upon the way we organise our business, personal data may also be used for operation and administrative purposes; and may be shared with companies within the King & Shaxson group and the PhillipCapital Group. Personal information supplied by you may on occasion be used for research and analysis purposes and to send you information on products and services that may be of interest to you. Personal information will not be released to non-associated third parties unless there is a legal or regulatory reason to do so or unless the third party fulfils a service on our behalf. On occasion our legal, contractual or organisational obligations may require us to release information to countries outside the European Union, which may not provide the same level of protection for personal data as within the EU. However we will take steps to ensure that whenever personal data is within the control of King & Shaxson their associates or agents it will be afforded protection.

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General

Past performance is no guarantee of future performance and the value of investments and the income from them may go down as well as up and is not guaranteed. Rates of exchange may cause the value of investments to go up or down. The level of yield may be subject to fluctuation and is not guaranteed. Derivative instruments may be used from time to time for the purpose of efficient portfolio management. You may not get back the amount invested, especially in the early years. Investors should be aware of the underlying risk associated with investing in shares of small-cap stocks and emerging markets. These can prove to be more volatile than in more developed stock markets. For your protection, telephone calls may be recorded. Please note that all your movements on this Site may be recorded and analysed for security, marketing and system monitoring purposes, among others. You acknowledge that the Internet is not a totally reliable and secure medium of communication. King & Shaxson accepts no liability for the security or confidentiality of information transmitted in this way and any such transmission of information shall be at your risk. Access to and use of this Site and any parts thereof, and the terms and conditions of this legal information are governed by the laws of England and Wales. King & Shaxson Limited (Company Number: 869780) and King & Shaxson Asset Management Limited (Company Number: 3870667), a member of the London Stock Exchange, and King & Shaxson Asset Management Limited (Company Number: 3870667). The Registered Office for the companies is First Floor, 155 Fenchurch St, London EC3M 6AL. All companies are registered in England and are part of the PhillipCapital Group. King & Shaxson Limited (Firm Reference Number: 179213) and King & Shaxson Asset Management Limited (Firm Reference Number: 823315) are Authorised and Regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN.