Liontrust is to reduce the discretionary fund management fees on its three managed portfolio service (MPS) and wealth solutions service (WSS) ranges, with effect from 1 April.
The firm said the reduction “was made possible by the growth in clients and assets under management across the Liontrust multi-asset proposition”, which includes the acquisition of the Architas UK Investment Business in 2020.
The move follows AJ Bell trimming and simplifying charges across its multi-asset range last month, which saw eight of its nine funds become cheaper.
John Husselbee (pictured), head of multi asset at Liontrust, said: “With the AUM of our multi-asset portfolios and funds having now reached £7.4bn, as of 31 December 2021, we are able to pass on the benefits of economies of scale to our clients and our clients’ clients.
“We believe that the reduction in fees, along with the experience of our team and our high quality of service, means the Liontrust MPS and WSS provide even greater value.”
| Fee from 1 April 2022 | Previous fee | |
| MPS Growth | 0.25% | 0.30% |
| MPS Income | 0.25% | 0.30% |
| MPS Dynamic Beta | 0.20% | 0.30% |
| WSS Growth | 0.27% | 0.32% |
| WSS Income | 0.27% | 0.32% |
| WSS Dynamic Beta | 0.22% | 0.32% |
