RateSetter to launch product for financial advisers

By Daniel Lanyon on Wednesday 18 December 2019

Alternative Lending

RateSetter will launch a product for financial advisers in February next year.

RateSetter to launch product for financial advisers
Image source: RateSetter

Peer-to-peer lender RateSetter is going after the financial advisor market with a new product launch in February 2020.

The firm has mostly pursued the retail market since launching in 2010 and has 80,000 self-directed investors but has, it says, "always planned to open up to the adviser community as a natural next step to making the product more available".

RateSetter’s Chief Investments Officer, Mario Lupori, said: “P2P is a new asset class and represents an opportunity for investors to access returns previously gobbled up by the banks.  RateSetter is not a savings account but it is a low risk investment."

"Our target is that it becomes normal for an investor with a diversified investment portfolio to include an allocation to an investment product like ours. 

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