Financial services and consulting group Veriloquent Wealth Advisors has launched a service which allows individuals, companies, municipalities and others a way to access rates not normally realised.
Traditionally individuals and others may have researched bank rates through online services, but most of these services offer only a cursory review.
Veriloquent builds personal one on one relationships with the banks it surveys.
"We maintain a comprehensive database of current rates and constantly survey the banks to determine the actual premiums being offered," says Todd Billings, chief executive of Veriloquent Wealth Advisors. Billings continued to say, "Within the industry this is nothing new. Rates fluctuate due to the competitive marketplace and each individual bank’s balance sheet. What is new is that Veriloquent has standardised the process into something meaningful and our clients appreciate the one point of contact even though deposits could be spread amongst multiple banks."
Veriloquent acts as a conduit, using knowledge of the industry to negotiate and secure superior rate exceptions and terms.
Clients receive special terms and rate exceptions on deposits and have a single point of contact to manage the accounts.
The alternative banking service is available within Veriloquent’s services platform, or can be contracted separately through an independent scope of work.
