Bringing you live news and features since 2006 


IFAs value a broad range of cash deposit products on wrap platforms


One in three (34 per cent) IFAs believe that having access to a broader range of cash deposit products/rates on wrap platforms would help them enhance their value proposition to clients, according to research from Investec Specialist Bank. 

Currently, more than three in four (78 per cent) IFAs spend 10 per cent or less of their time managing the cash element of a typical portfolio. Indeed, one in ten (11 per cent) spends no time at all on this.
The research reveals that more than one in five (22 per cent) IFAs believe having access to a wider range of cash products on wrap platforms would increase the total assets under their advice, with 19 per cent suggesting it would improve the accuracy of asset allocation.
Despite IFAs recognising the value of a broad range of cash deposit products/rates, on average they spent just 6.25 per cent of their time on managing the cash element of a typical portfolio.
Lionel Ross, Investec Specialist Bank, says: “It is reassuring to see that IFAs understand the importance of being able to offer clients a broad  range of cash deposit products. However, it is also concerning to see that some spend no time at all on managing the cash element of a client’s portfolio.
“The role of cash deposit products/rates on wrap platforms will change substantially over the next few years. It is up to those IFAs to spend more time on this element of a portfolio to potentially gain a significant advantage for their client.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by