Collins Stewart celebrates first anniversary of its Cash Management Service
The Cash Management Service managed by Collins Stewart Wealth Management (“CSWM”) has celebrated its first birthday. Launched a year ago on the back of client demand for greater diversification for their cash, the specialist service aims to offer investors who have concerns about the security of individual institutions, peace of mind whilst offering the potential for improving on the meagre returns offered on cash deposits.
The bespoke service is aimed at both onshore and offshore investors such as private clients, trustees and other intermediaries, corporates, pension funds and charities and is tailored to individual requirements according to risk appetite, preferred yield, diversification and investment duration.
The service also offers the benefit of ease of administration with one account providing access to a panel of over 25 banking institutions providing the ability to tailor clients’ cash investments according to their specific risk/return expectations. CSWM’s Treasury team currently has £600 million of cash under management.
Iain MacKenzie, Head of CSWM’s Treasury function, commented:
“Our approach is to view cash as an independent asset class that should be managed in the same way as other asset classes, i.e. through the application of the principles of diversification and viewing returns balanced against risks. This service aims to do exactly that and we’ve been very encouraged by our clients’ response in this first year.”
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