We are pleased to inform you that in our continued efforts to create the best value for investors, we are amending our fee structure to remove any minimum charges. This means that no matter how small a trade is in order to re-balance, adjust an asset allocation or make a withdrawal from a portfolio, the client will only be charged 1% of the trade value. This eradicates flat fees for our Focus, Ethical and Sharia services, and the £10 minimum charge on our Premier service has also been removed.
The current maximum charges will still apply, so your clients won’t pay any more than they currently do under their existing terms. These changes provide for a more transparent charging structure across our portfolio range and give us greater flexibility and freedom as discretionary managers, to position portfolios in order to benefit from ever changing market conditions.
We would very much appreciate if you could please inform your clients of these changes, which are set to come into effect in 30 days on 1st April 2017. If you have any questions in the meantime, please do not hesitate to get in touch with us via the contact details below.