The Cash Management Service managed by Collins Stewart Wealth Management (“CSWM”) has celebrated its first birthday.

Launched a year ago on the back of client demand for greater diversification for their cash, the specialist service aims to offer investors who have concerns about the security of individual institutions, peace of mind whilst offering the potential for improving on the meagre returns offered on cash deposits.

The bespoke service is aimed at both onshore and offshore investors such as private clients, trustees and other intermediaries, corporates, pension funds and charities and is tailored to individual requirements according to risk appetite, preferred yield, diversification and investment duration.

The service also offers the benefit of ease of administration with one account providing access to a panel of over 25 banking institutions providing the ability to tailor clients’ cash investments according to their specific risk/return expectations. CSWM’s Treasury team currently has £600 million of cash under management.

Iain MacKenzie, Head of CSWM’s Treasury function, commented:

“Our approach is to view cash as an independent asset class that should be managed in the same way as other asset classes, i.e. through the application of the principles of diversification and viewing returns balanced against risks. This service aims to do exactly that and we’ve been very encouraged by our clients’ response in this first year.”

For further information please contact:

UK – M:Communications, Louise Hatch,  +44 (0) 20 7920 2316. Harriet Totty,+44 (0) 20 7920 2328
Jersey – PJ News & Publishing, Philip Jeune, + 44 (0) 1534 857 309
Guernsey/ Isle of Man – Orchard PR, Steve Falla, + 44 (0) 1481 240 600
UK – Collins Stewart Wealth Management, Oliver Tregoning, +44 (0) 20 7523 4527
Offshore – Collins Stewart Wealth Management, Vanessa King, +44 (0) 1481 733 907

Notes to Editors
Collins Stewart Wealth Management (“CSWM”) is an award winning investment manager and stockbroker committed to providing private clients, charities and intermediaries with a broad array of independent wealth management services. CSWM manages and administers £6.8bn1 of assets on behalf of over 9,000 clients through its offices in London, Guernsey, Jersey, Isle of Man and Geneva. More information on CSWM is available at www.collinsstewartwealth.com.
1 as at 30/06/10

Collins Stewart Plc is a leading independent, financial advisory group listed on the London Stock Exchange. Collins Stewart Plc employs almost 750 staff and is organised around four operational divisions: Advisory, Corporate Broking, Securities and Wealth Management, all served by its unique research tool, Quest™. More information at www.collinsstewart.com

The above description of Collins Stewart plc is communicated by Collins Stewart Europe Limited, a company authorised and regulated in the UK by the Financial Services Authority (“FSA”) (with firm reference number: 182011). The FSA’s principal place of business is at 25 the North Colonnade, London, E14 5HS.