COLLINS Stewart Wealth Management is celebrating the first anniversary of its Cash Management Service with £600 million of cash under management.
Launched a year ago the 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 returns offered on cash deposits.
Iain MacKenzie, head of the treasury function, said: "Our approach is to view cash as an independent asset class that should be managed in the same way as other asset classes – 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."
The Cash Management Service is aimed at both onshore and offshore investors such as private clients, trustees, corporates, pension funds and charities and is tailored to individual requirements.
It also offers ease of administration - with one account providing access to a panel of over 25 banking institutions. This provides the ability to tailor clients’ cash investments according to their specific risk or return expectations.
