Financial Advisors help you with the management of your club finances.
If you are in debt, they can help arrange a lower interest rate.
If your balance is showing a profit, they will get you a higher interest rate.
Jargon’s FA-Helper: FA-Helper.xls (36kb)
This spreadsheet is for maximising your interest income, based on your current balance, and the number of Financial Assistants (FAs) you have. Insert your current balance, insert the number of FAs you currently have, and read the result.
Interest earned
The optimum situation to earn interest = have 8 Financial Advisors with a balance of £1 600 000.
# of FA’s Interest Rate Min Cash Required
1 0.95% £157,895
2 1.80% £176,471
3 2.55% £200,000
4 3.20% £230,769
5 3.75% £272,727
6 4.20% £333,333
7 4.55% £428,571
8 4.80% £600,000
9 4.95% £1,000,000
8 4.80% £1,635,417
7 4.55% £1,725,275
6 4.20% £1,869,048
5 3.75% £2,093,334
4 3.20% £2,453,125
3 2.55% £3,078,432
2 1.80% £4,361,112
1 0.85% £8,263,158