Charles Stanley Direct waives HNW fee
Charles Stanley Direct has agreed a six-month fee waiver for all new clients with a minimum balance of £500,000.
Charles Stanley Direct has agreed a six-month fee waiver for all new clients with a minimum balance of £500,000.
The latest in a series of pricing model announcements, Bestinvest charges fees operating on the same pricing structure.
RDR has generated a number of unintended consequences and its potential impact on the types of fund investors want to buy has been a significant challenge for some fund managers.
The board of Hendersons Diversified Income trust has decided to reduce the vehicles management fee from 0.75% to 0.65% of gross assets.
An early FCA review into the adjustment to RDR shows some advisers continue to describe themselves as independent yet are choosing products from a limited number of providers.
The majority of advisers have started charging clients a percentage of the investment amount as they seek to establish the best fee models post-RDR.
Half of DFMs would ditch an underlying fund manager after six months of poor performance as this and perceived trustworthiness are considered to be the most important considerations when making an investment.
The combined annual funding requirement (AFR) for the FCA and PRA is £646.3m, a 15% increase on the FSA's figure in 2012/2013.
Liontrust will cease rebate payments on its UK Smaller Companies Fund from May, following the launch of a clean fee institutional share class in January.
The average management fee gathered by the funds industry has “fallen dramatically” since 2007 due to the cyclical shift to fixed income products and an inclination toward less expensive funds, according to investment research firm Morningstar.
Hedge fund assets are set to reach record levels by the end of 2013 and inflows are expected to hit $123bn during the year. But private banks have proved more reticent than pension funds in reallocating capital to the asset class.
UK investors face over £16bn in hidden fees and charges per year, according to latest research from SCM Private for its True and Fair Campaign launched just over a year ago.