Fundment, the adviser platform, has launched a Cash ISA and Cash Lifetime ISA, backed by a fully digital cash investment system.
This follows the July launch of the Fundment Stocks & Shares Lifetime ISA (LISA) and addresses growing adviser and client demand for cash options, the platform said.
Fundment has partnered with Investec Bank to offer a 12-month Fixed Rate Deposit within its Cash ISA and Cash Lifetime ISA options, with plans to expand cash investment choices in the future.
“We’re expanding our ISA range in line with adviser demand,” said Ola Abdul, founder and CEO of Fundment.
“This move, coupled with the full digitisation of our underlying cash investment functionality, demonstrates our commitment to providing advisers with the tools they need to serve their clients effectively.”
The platform has also fully digitised its cash investment process, streamlining operations for advisers.
From digital account opening and client approval to automated payments of fees, income, and dividends, the process is designed to be intuitive and to save time.
David Hunt, head of Funding Partnerships at Investec, said: “Our collaboration with Fundment aligns perfectly with our commitment to tech-driven, digitally-enabled financial solutions.
“By leveraging our API, Fundment has created a frictionless experience for advisers and their clients.”
Beyond the 12-month FRD in Cash ISAs and Cash LISAs, Fundment offers Fixed Term Deposits (FTDs) within pension and general investment wrappers. The Investec Bank products are available in 3, 6, 12, and 24-month terms.
