The thirteen funds are within its pooled funds range and will take effect from 1 April 2014.
The AMC of a typical equity fund and multi-manager fund will reduce from 75bps to 65bps, and for most fixed interest funds the reduction will be from 65bps to 55bps.
“We at Smith & Williamson have looked carefully at the level of our fees, and concluded that we can reduce them for those funds which are not capacity-constrained. Whilst we firmly believe that cost alone should not the key driver, it is nevertheless important, and there is scope for us to offer improved value for money for investors by lowering our fees,” Nick Hodgson, partner and head of marketing and sales, said.
