Tatton Investment Management Limited has launched money market portfolios for clients with a low risk tolerance.
The UK’s biggest model portfolio service (MPS) provider said this on-platform offering allows retail investors and savers access to the highly competitive money market segment.
Tatton said it extended its model portfolio range in response to demand from financial advisers over higher interest rates and slow deposit taking banks.
It added that the money market portfolio category will allow advisers to demonstrate the value they can add to the entirety of their clients’ financial wellbeing by providing better value access to secure cash rates.
Tatton’s CEO and chief investment officer Lothar Mentel said: “Across the country, clients of IFAs have expressed their concerns surrounding the discrepancy between the increasingly attractive interest rate as set by the Bank of England with what retail savers can achieve from their bank and platform deposits for their cash reserves and other short term liquidity requirements.
“Our strong growth trajectory continues, and this expansion of our existing offering serves as an instrumental resource for IFAs to diligently advise on both long- and short-term financial planning needs. Crucially, it enables them to offer their clients a viable and highly regarded alternative to cash on deposit.”
