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Cash Management Account

   

The Cash Management Account (CMA) allows your clients to hold cash outside of product wrappers and allows you to manage fees and withdrawals for your clients' ISA and Investment Accounts.

All fees are paid from available cash first. They can only be paid from assets where you have nominated to do so, or when there is no available cash.

Benefits at a glance

  • Fees and withdrawals can be facilitated for ISAs and Investment Accounts
  • Natural income from account assets can be consolidated into and paid from the CMA
  • Cash can be moved between the CMA and an ISA or Investment Account
  • Clients can deposit directly into the CMA themselves

Product Cash

Cash can also be held within an ISA, Investment Account and our Pension, as part of the product structure.