Protected, well-governed deposits for client money
For firms holding money on behalf of clients: an advisory service, through Bondsmith Treasury Services, that introduces your balances to protected, competitive deposits across the bank panel. For solicitors and corporate service providers, our platform adds segregation, reconciliation, approval controls and audit-ready reporting on top.
Holding client money is a serious duty
Money held for clients has to be segregated, protected and accounted for to a high standard, often across large balances at a single bank earning very little. Managing that across counterparties, with the reporting and controls to prove it, is a real burden.
- Large balances concentrated at one bank cap FSCS protection
- Segregation, reconciliation and reporting obligations are demanding
- Idle client balances often earn close to nothing
- Audit and reporting must stand up to scrutiny
How Bondsmith helps
Advisory & introductions
Our treasury team advises on where balances should sit and introduces you to the right banks on the panel.
Diversified protection
Spread client money across the bank panel, with separate FSCS eligibility at each bank.
Competitive returns
Put idle client balances to work at rates that stand up, across the panel.
Platform for solicitors & CSPs
Solicitors and corporate service providers can hold client money in segregated accounts on our platform, with reconciliation and audit-ready reporting.
Approval controls
On the platform, movements go through approval controls with a full audit trail.
Treasury under mandate
From advisory input for your committee through to fully outsourced treasury under mandate.
Who it’s for
Solicitors
Client account balances held segregated and protected, to the standards the SRA expects.
Fund administrators
Operational balances and investor money, diversified and protected.
Corporate service providers
Money held for corporate and trust structures, well-governed.
Family offices
Protected, competitive deposits for family and entity money.
Charities & corporates
Reserves and operating balances spread across counterparties.
Property & escrow
Held deposits spread across the panel, protected and earning a competitive rate.