Mattioli Woods has joined with Walker Crips to offer a new structured product to its customers.
It will offer clients a six-year plan which is linked to the share performance of five UK companies.
The Walker Crips UK Equity Income Plan is linked to five household names: Barclays, BP, British American Tobacco, GlaxoSmithKline and Vodafone.
It features fixed income of seven per cent per annum of the initial investment, paid on a six-monthly basis irrespective of the performance of each of the shares.
The minimum investment is £3,000 and it is open to Sipp, SSAS, corporate, personal and trust monies until 30 August 2013.
There is an annual ongoing management charge of 0.85 per cent per annum.
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Stan Allen, investment consultant at Mattioli Woods, said the move responded to client demand.
He said: "Our clients have told us there is a continuing demand for yield and income.
"By taking advantage of recent short term volatility in the market we are able to offer this competitively priced structured investment plan.
"The five UK shares chosen are a diverse selection of stocks and we feel are well placed to take advantage of the improving picture in the UK economy."
Walker Crips was set up in 1914 and comprises investment management, stockbroking, wealth management, pensions, structured investments and corporate finance departments.