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Pricing information

The following table shows the detailed charges for holding investment companies and open-ended funds on the major adviser platforms. It also details the costs for fund switching and ad-hoc investment company trading, any discounts for regular investing or automatic dividend reinvestment, and the cost of rebalancing funds and investment companies within model portfolios.

Only platform costs are included, not the costs of the investment companies or funds themselves.

Advised platform

Core charges

Pensions

Ad-hoc fund switching

Ad-hoc investment company trades

Regular investing

Rebalancing within model portfolios

Automatic dividend investment

Website
Aegon Platform Value
£0 – £100k
£100,001 – £250k
£250,001 – £500k
£500,001 – £1m
£1m+
Charge (pa)
0.29%
0.26%
0.23%
0.15%
0.00%
no charge no charge N/A No charge for funds

Investment companies not available

No charge for funds

Investment companies not available

N/A

Aegon Retirement Choices

Value
£0 – £29,999
£30,000 – £49,999
£50,000 – £99,999
£100,000 – £249,999
Balance over £250,000

Charge (pa)
0.60%
0.55%
0.50%
0.45%
0.00%

no charge

no charge

Non-fund trading is £15 (with exception of ETFs at £10)

No charge for funds

Investment companies not available

No charge for funds

Investment companies not available

Dividends are paid back to cash account

AJ Bell Investcentre

Value
£0 – £1m
£1m – £1.5m 
£1.5m – £2m
£2m+

Charge (pa)
0.20%
0.15%
0.10%
0.00%

Value of pension
Up to £25k
£25k to £50k
Above £50k

Waived if entire portfolio of assets exceeds £200k

Charge (pa)
£144
£192
£240

 

£3.95

£3.95

£0

No charge

Dividends are paid back to cash account

Alliance Trust Savings
(inclusive charge option)

ISA and GIA : £225

£350 a year

Product charge includes first 35 fund/equity transactions a year,
£6.25 after that

Product charge includes first 35 fund/ETI transactions a year,
£6.25 after that

No charge

£120 service charge to enable model portfolios. Rebalancing included within this

Dividends can be automatically reinvested - £5 charge applies

Alliance Trust Savings
(standard charge)

ISA and GIA : £30 a quarter

£210 plus VAT a year

£9.95

£9.95

£1.50

Not available within Standard Account option

Dividends can be automatically reinvested - £5 charge applies

Ascentric

Value
£0 –  £1m
£1m – £3m
£3m – £5m

 

Charge (pa)
0.30%
0.10%
0.06%

no charge

no charge

no charge

no charge

no charge

Dividends are paid back to cash account

Minimum charge
£15 per month

Aviva Platform

Value
£0 – £400k
£400k+

Charge (pa)
0.25%
015%

Value
£0 – £30k
£30k – £250k
£250k – £400k
£400k+

Charge (pa)
0.40%
0.35%
0.25%
0.15%

no charge

£7.50 per individual trade
£5 per trade within a model

No charge for funds

No reduction for investment companies

No charge for funds

No reduction for investment companies

Dividends are paid back to cash account

Elevate

Value
£0 – £149,999
£150k – £999,999
£1m – £2,499,999
£2.5m – £4,999,999
£5m+

Charge (pa)
0.30%
0.25%
0.20%
0.15%
0.10%

no charge

no charge

£10.50 for ITs and ETPs, £12.50 for other securities.

Can be reduced by aggregation to £5.50 and £7.50 respectively.

No charge for funds

No reduction for investment companies

No charge for funds

No reduction for investment companies

Dividends are paid back to cash account

Once a higher band is achieved the whole portfolio is charged at that rate.

FundsNetwork

0.25%

£45 fee per annum no charge £10 for ad hoc transactions, £3 if aggregated No charge for funds

£1.50 for investment companies

No charge for funds

£1.50 for investment companies

0.1% on the value of the transaction

Hubwise

0.2% capped at £480 per year per wrapper

Regardless of the number of wrappers held, this custody fee is capped further at £960

0.1% additional wrapper charge plus VAT with minimum of £15+VAT and maximum of £50+VAT

no charge

£2

No charge for funds

£1 for regular investment

No charge for funds

£1 for investment companies

Dividends can be automatically reinvested at no charge

Novia

Value
£0 – £250k
£250k – £500k
£500k – £750k
£750k – £1m
£1m+

Minimum £75pa

Charge (pa)
0.50%
0.40%
0.30%
0.20%
0.10%

 

no charge

no charge

Two options available.

Firstly, can open Novia Stockbroking account and link to wrapper. Ad hoc share dealing, 0.3% per trade subject to £15 minimum, £75 maximum.  Additional wrapper charge of £17.50 + VAT per quarter (£84)

Secondly, can purchase investment companies directly through Novia Wrap account. Trading charge of 0.05% for all orders. A proportionate share of between a minimum of £5 and a maximum of £150 per trade applies. Additional 0.02% custody also applies.

No charge for funds

No reduction for investment companies

No charge for funds

Investment companies not available within adviser-generated models

Can facilitate automatic reinvestment of dividends at no charge but but transactions may incur stockbroking charges

Nucleus

Value
£0 – £500k
£500k – £1m
£1m+

Charge (pa)
0.35%
0.175%
0.05%

no charge

no charge

0.15% subject to a minimum of £13

No charge for funds

No reduction for investment companies

No charge for funds

No reduction for investment companies

Dividends are paid back to cash account unless client chooses to have them paid to bank account

OMW

Value
£0 – £25k
£25k – £100k
£100k – £500k
£500k – £1m
£1m+

Charge (pa)
0.50%
0.35%
0.30%
0.25%
0.15%

no charge

no charge

N/A

no charge

No charge for funds

Equities not available

N/A

Praemium

0.30%

no charge

£2
aggregated where possible

£2
aggregated where possible

£2
aggregated where possible

£2
aggregated where possible

Yes - trading fees are incurred but will be split across all clients buying the specific assets. 

Raymond James - Option 1

Value
£0 – £500k
£500k – £1m
£1m+

Charge (pa)
0.30%
0.25%
0.10%

Third party panel approach so depends on pension wrapper chosen. In our pricing scenarios, we have modelled usage of the AJ Bell Investcentre SIPP with £150 + VAT annual charge

no charge

no charge - fair usage policy applies

no charge - fair usage policy applies

no charge - fair usage policy applies

Dividends are paid back to cash account

Raymond James - Option 2

0.25%

Third party panel approach so depends on pension wrapper chosen. 

£12.50

£12.50

No reduction

No reduction

Dividends are paid back to cash account

Raymond James - Option 3

0.15% + £50 + VAT account fee for ISA/GIA

Third party panel approach so depends on pension wrapper chosen. 

£27

£27

No reduction

No reduction

Dividends are paid back to cash account

Seven Investment Management

Value
£0 – £500k
£500k – £1m
£1m – £2m
£2m – £5m
£5m+

Charge (pa)
0.30%
0.25%
0.15%
0.08%
0.05%

£100+ VAT par annum for <£75k.

No charge for portfolios > £75k.

no charge

no charge

no charge

no charge

Dividends can go into an earnings account and either swept out to the client's nominated bank account or the adviser can use this money to reinvest at no additional cost.

Standard Life Wrap

Value
£0 – £99,99.99
£100k – £249,999.99
£250k – £499,999.99
£500k – £749,999.99
£750k – £999,999.99
£1m+

Charge (pa)
0.40%
0.35%
0.30%
0.25%
0.15%
0.10%

Value
£0 – £99,99.99
£100k – £249,999.99 
£250k – £499,999.99
£500k – £749,999.99
£750k – £999,999.99
£1m+ 

Charge (pa)
0.55%
0.50%
0.45%
0.40%
0.30%
0.25%

no charge

£10 if transaction is less than £25,000

£25 if transaction is between £25,000 and £99,999

0.025% per transaction if transaction is greater
than £100,000

If trades are made in a SIPP and outside the Standard Life investment hub, an additional initial fee of £382 for the first transaction applies and then an annual admin fee of £524.

There is an additional £12 Standard Life transaction charge for each transaction in listed securities. These charges are capped at £394 in any plan year.

No charge for funds

No reduction for investment companies

No charge for funds.

Listed securities that are traded on the Standard Life investment hub cost £1 per rebalance

Dividends are paid back to cash account

Advisers placing large assets, typically £20m+, get 'core' terms, a reduction of 10bps on all pension tiers.

Transact

Value
£0k – £600k
£600k – £1.2m
£1.2m – £5m
£5m+

If less than £100k is held the first £60k is charged at 0.50%

Charge (pa)
0.29%
0.19%
0.07%
0.05%

£12 annual ISA charge

 

£80 annual charge

Buys are charged at 0.05%

£3.75 - aggregated where possible and only applies once if trading across multiple wrappers.

Where an express trade is requested, the cost is £10.

£1 for phased transactions, 50p for regulars.

Buys are charged at 0.05%

Dividends are paid back to cash account

True Potential

0.40%

No charge for use of TP Strategy funds

£90 + VAT for all eligible securities

no charge

0.08% (minimum £14)
for investment company transactions

No charge for funds

No reduction for investment companies

No charge for funds

No reduction for investment companies

Dividends are paid back to cash account

Zurich Intermediary Platform

Value
£0 – £99,999.99
£100k – £250k
£250k – £500k
 £500k+

Charge (pa)
0.35%
0.30%
0.25%
0.10%

£75 a year

no charge

£10.50 for transaction below £25,000

0.05% for transactions of £25,000 and avove

No charge for funds

No reduction for investment companies

No charge for funds

No reduction for investment companies

Dividends are paid back to cash account

Source: AIC/the lang cat (last update 07/10/19)

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