This article was originally written for our sister publication International Adviser
Tatton Asset Management has launched money market portfolios in its managed portfolio services (MPS).
The offering from the asset management arm of Tatton Investment Management Limited (TIML) allows retail investors and savers access to the money market segment in the approach of a platform portfolio.
Responding to feedback from IFAs, the launch of the portfolios addresses concerns over the slowness of deposit taking banks and platforms in passing on the higher interest returns as set by the Bank of England base rate.
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The Money Market portfolio category allows IFAs to demonstrate the value they can add to the entirety of their clients’ financial wellbeing by providing better value access to secure cash rates. The solution is available on all of Tatton’s platforms, subject to demand.
Lothar Mentel, TIML’s chief executive and chief investment officer, 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.
“Attuned to these concerns, we are delighted to introduce our new money market portfolios within our MPS framework. 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.
“We have listened to IFAs and the thoughts and concerns of their underlying clients, and remain open to respond with new, or adapted services in a rapidly changing financial environment. The fact that we have deftly navigated ‘black swan’ events including the pandemic, economically debilitating lockdowns, war in Europe, and the cost of living and energy price crises is testament to the consistency of our investment approach.”
