The firm’s business rationale is to “aid advisers in a practical way with the transitioning of their businesses” in its own strategy to being the investment outsourcer of choice for advisers.
The new charging structure will see intermediaries rewarded with lower annual management fees depending on the size of their books of business that Saltus runs on its behalf.
There is no minimum entry level per individual direct DFM case and the annual management charge starts at 1% all-in. There are no separate dealing charges.
For books of business of around £10m, the charge is reduced by 20% to 30%, depending on the individual case sizes; for £20m books, it is discounted by 30% to 50%, again, depending on individual cases sizes.
Simon Armstrong, co-founder of, and fund manager at, Saltus commented: "As an adviser’s total book of business with us grows, the rate card is an innovation that allows us to pass back lower costs for all their clients. This allows the entire adviser book to benefit from the pricing advantage that previously only our larger cases had enjoyed.”
For our analysis on wealth managers and their offerings for outsourcing IFAs, click here.
