Advisers reveal favoured post-RDR fee structures
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.
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.
Hargreaves Lansdown has called for the asset management industry to take another look at performance fees, putting the argument forward for the charge to be scrapped entirely.
Price comparison sites are the norm on the online high street but price transparency does not in itself guarantee a better deal for consumers.
Research from Lipper asking whether performance fees are “paying their dues” diplomatically says they possibly aren’t. They aren’t.
Investors through intermediaries can directly influence the fees being charged by funds, with the number charging a performance fee declining in recent years.
Whitechurch Securities is the latest wealth manager to go down the passive route with a range of managed strategies aimed at keeping investment costs down, and I doubt it will be the last.