Rosemount Financial Solutions (IFA) has launched a new partnership with Beanstalk to give advisers access to a referral route for junior ISAs (JISA).

The partnership is set to enable members of Rosemount’s network to refer clients to Beanstalk when they are looking to build long-term savings for children or grandchildren through a tax-efficient investment wrapper.

While JISAs are not always part of the advice process for many advisers, the partnership ensures clients who want to put money aside for younger family members have access to a flexible solution.

Beanstalk’s JISA can be opened through its mobile app and allows families to invest in a combination of cash and stocks and shares funds. The platform also includes features including purchase round-ups, and gifting and invite tools.

Chief executive officer at Rosemount, Ahmed Bawa, stated: "Clients increasingly want to take a broader approach to financial planning, thinking not just about their own future but also the financial wellbeing of their children and grandchildren.

"JISAs have an important role to play in that planning, helping families put money aside for major milestones later in life, whether that’s supporting university costs, a first home, or other opportunities.

"However, JISAs are not always an area where advisers are actively involved in the advice process. By partnering with Beanstalk we are making it easy for advisers to introduce clients to a trusted and user-friendly solution when these conversations arise."

Managing director at Beanstalk, Julian Robson, added: "JISAs are a fantastic way for families to set up their children and grandchildren for the long term, in a tax efficient way. The Beanstalk JISA has been set up to make it as easy as possible for families to help their loved ones save for the future through its multi contributor approach and low-cost investments.

"We are thrilled to partner with Rosemount, and open a new avenue for advisers to support their clients."

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