Abrdn has launched an integrated cash management service for advisers using its wrap platform.
The company said it has secured exclusive rates to offer users of the service. It features a range of fixed term deposit and notice day accounts to suit a variety of investment goals.
Being integrated into the platform means advisers can manage more of their clients’ assets in one place, Abrdn said.
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Holdings in the cash solutions will be included in existing platform reporting and valuations and will also be visible through the client portal. The money will also automatically be included in back-office valuation reports and shown alongside existing client investments.
The rates available are detailed below:
| Bank | Fixed term deposit | Notice day account | Min deposit | Max deposit | Term/ notice |
| Investec | – | 5.04% APR | £1 | £2,000,000 | 32 day notice |
| Société General | 4.67% APR | – | £50,000 | £10,000,000 | 7 months term |
| Société General | 4.58% APR | – | £50,000 | £10,000,000 | 12 months term |
Russell Bignall, managing director at Abrdn Adviser, said: “We are launching this fully integrated cash solution so advisers can take advantage of competitive cash products for their clients. It’s all part of our work to offer advisers and their clients greater investment choice on our platform.
“As part of offering a holistic financial planning service to clients and understanding changing needs, it’s vital that advisers have full sight of all their clients’ assets, not just the investments, and our fully integrated cash solution facilitates this.”
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