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