FINANCE VETERAN CHRISTOPHER TUROCI BRINGS INSTITUTIONAL CASH MANAGEMENT TO RETAIL AND SMALL BUSINESS
FDIConnect Offers Wall Street Level Cash Management for the Main Street
Client
FDIConnect, a financial startup in Southern California,
announces their Fortress Account: a sophisticated banking practice that
protects cash by spreading it across multiple accounts while maintaining the
convenience and ease of a single account.
Since the FDIC only insures up to $250,000 per account in a
single depository institution, it becomes complicated to protect large amounts
of cash across multiple accounts. But if cash isn’t deposited properly, you
risk leaving large amounts of cash uninsured. With the Fortress Account,
clients get the best of both worlds: the ease of a single account with the
protection of many.
The Fortress Account acts as a parent to multiple accounts
across several trusted banks – each containing less than the FDIC limit. This
structure allows clients to make deposits and withdrawals instantly from a single
account and to see account balances and statements in that same single account
– all while enjoying the safety and security of FDIC insured deposits for the
entire amount of the cash holdings.
The average high net worth household keeps 24% of their portfolio
in cash – that’s almost a quarter of their wealth that is unmanaged, uninsured,
and under-performing. FDIConnect’s Fortress Account makes sure this cash is
protected and insured by the FDIC no matter the amount. With the Fortress
Account, retail and individual clients can now get the benefits large-scale
institutions have been enjoying for years.
“As consumers get more information and become more savvy,
especially in managing their finances, they want the ability not to only manage
their affairs themselves, but to have the same benefits as large institutions,”
says Christopher Turoci, President of FDIConnect. “Now retail clients and
small-medium size businesses have the same financial opportunities as large
institutions.”
Media Contact
Company Name: FDIConnect
Contact Person: Christopher Turoci
Email: Send Email
Phone: (949) 274-4511
Address:5000 Birch Street, West Tower, Suite 3000
City: Newport Beach
State: CA
Country: United States
Website: https://www.fdiconnect.com/
Company Name: FDIConnect
Contact Person: Christopher Turoci
Email: Send Email
Phone: (949) 274-4511
Address:5000 Birch Street, West Tower, Suite 3000
City: Newport Beach
State: CA
Country: United States
Website: https://www.fdiconnect.com/