FXD Capital is delighted to announce that the firm is now recognised by ISBA for the services they provide to independent schools across the UK.
ISBA is the only national association to represent school bursars and senior management teams of independent schools, providing them with the support they need to manage their schools successfully and provide a world class education to their pupils.
FXD Capital’s partnership with the association comes after experiencing impressive growth in their client base and deposits under supervision. For many ISBA member schools sitting on significant cash reserves, their governors, bursars and senior management recognise the need for an independent, objective and informed position to help proactively manage the school’s cash and investments more efficiently and effectively.
While cash interest rates have come off their 15-year highs, they remain attractive at around 5%. By utilising the correct deposit products with carefully considered counterparties, any school sitting on excess cash or liquidity will be able to achieve better returns while not compromising on the liquidity or credit quality of the counterparties they are placing funds with. While this is a daunting task which is often overlooked due to the perception that the effort does not warrant the benefit, any additional interest income achieved can help to expand the bursary and scholarship programmes to those who need it most, or contribute to the budgets for funding of new projects as well as the development and maintenance of school buildings.
Bobby Jackson, Managing Director and Co-Founder of FXD Capital says:
“We have a real passion for helping our clients which is testament to the relationships we have built with schools and colleges, as well the charitable sector more broadly. This represents a significant part of our business and we feel privileged to support the sector by helping those of all sizes and sophistication, providing access to the same opportunities that the largest, most knowledgeable treasury teams have come to expect”.
About FXD Capital:
FXD Capital is a brokerage firm specialising in cash deposits and money markets. Founded in 2018 to improve the efficiencies of holding excess cash and liquidity by offering independent schools fixed term deposits, notice accounts and money market funds from a diverse range of banks and asset managers. Their banking partners also offer discretionary investment management solutions to meet longer-term investment objectives, such as endowments.
About ISBA:
ISBA is the only national association to represent school bursars and business managers of independent schools, providing them with the professional support they need to manage their schools successfully and provide a world class education to their pupils. Their specialist advice and guidance services assist more than 1200 independent schools across the UK. Their services are designed to assist school staff in the successful administrative, financial and operational management of their schools. Hundreds of bursars and senior managers benefit from ISBA’s specialist advice and guidance and they also work closely with professional advisers to the independent school sector ensuring that our member schools have access to the very best information and guidance available in the marketplace.