RateSetter has revealed that feedback from advisers about peer-to-peer investing has been positive, following six months of meetings to drum up interest in its new adviser portal.
The P2P lender’s director of wealth investments Alexa McAlister said that they have had “some very positive first conversations” and RateSetter is currently lining up advisers to join its dedicated offering which launches this month.
“We’ve been talking to advisers for the past six months or so and we’ve had some very good conversations,” McAlister said. “Some of them already knew about P2P and knew of RateSetter. Some advisers didn’t know about us and some were a bit sceptical, but we’ve found that once they learn about our product they tend to be very positive.”
McAlister said that the advisers were particularly interested in the liquidity that RateSetter has to offer. “We’ve been very encouraged by the response,” she said.
McAlister added that the adviser portal has been “very much part of our game plan” for a while and does not represent a pivot away from the platform’s core base of retail investors.
“Obviously we’re launching in the advised space after the regulations came in in December, but this has been very much part of our game plan prior to that,” she said. “We have an excellent product that the investor can access directly but we also know there are many investors who would like to do it through advisers.”