Portfolios held on external platforms will be charged a 0.20% management fee plus VAT.
The Dynamic Model portfolios are made up of both active and passive funds. Ongoing charges for the underlying funds range from 0.17% to 0.29% based on the current holdings.
Clients that hold the portfolio directly with Whitechurch will be charged a 0.45% transaction fee for switches but the firm said its buy and hold investment approach means turnover will be low.
Including the management fee (0.10%), transaction fees and underlying fund charges, Whitechurch said ongoing charges for the model portfolios would range from 0.4% to 0.6%.
Managing director Gavin Haynes (pictured) said the wealth manager wanted to compete on price, despite the portfolios strong track record.
“Through the new structure we believe that it will be attractive for advisers looking to offer extremely low-cost risk rated portfolios to their clients but not wanting to rely solely on passive investments.”
But he added the view that the cheapest option is always best can be “a blinkered one”.
“In reality it comes down to value over price,” he said.
The portfolio has an unconstrained dynamic asset and geographic allocation and can hold up to 20% in active funds.
“It has been our experience that using only passive funds restricts the diversification options. In order to provide the optimum mix of funds our investment team believes that there is a place for both styles of investing (passive and active) to be considered when building a portfolio.”
