Fitz Partners: One in six fund share classes have changed fees in past year
The Fitz database contains around 40,000 share classes
The Fitz database contains around 40,000 share classes
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Changes will reduce the firm’s underlying cash result ‘over the next few years’
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Negotiations with fund houses have resulted in reduced pricing
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FCA warns not enough firms are cutting fees
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Charge for fund and investment trust trades dropped to £3.99
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It will apply to all but two of the firm’s UK domiciled strategies
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Current processes a ‘tangled web’ of obligations and eligibility criteria
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The company also makes changes to cash management
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Global Multi-Asset range will have a maximum cap of 0.22%, down from 0.29%
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Investment platform market becoming increasingly competitive
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Trust has agreed to lower the overall fee to 12.5% of adjusted NAV above a high-water mark
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Moving from a 50:50 ratio to 60:40 split allows clients to retain clear majority of future outperformance
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