Daily Money Management from 40,000 Feet?January 31, 2018
Are you Letting the State Manage your Money (and Body)?September 25, 2018
Did you realize that hiring your own personal daily money manager can sometimes be “free”? Surprised? Let me explain.
Recently, Hipps Financial Partners, LLC had the opportunity to begin serving a new customer who had many financial management needs. In working with the customer and their day-to-day finances, we discovered that they had over $300,000 in cash parked in a basic checking account. While it was comforting to the customer to know they had a large sum of cash available at a moment’s notice, they were missing the opportunity to earn meaningful interest on the balance. After Hipps Financial Partners, LLC carefully analyzed the client’s cashflow, we were able to invest their excess cash in fully-insured CDs and generate enough additional income to pay the client’s monthly fees to Hipps Financial Partners, LLC without increasing their financial risk level.
It was a nice feeling to know that we brought enough value to our customer that our services were effectively free, while also making our customer financially stronger and bringing them piece of mind that their finances were being carefully monitored and professionally managed.
This is just one example of how we can help our customers increase their income and reduce their expenses. Let us know if we may be of service to you.