Independent wrap Ascentric announces a new charging structure that will make it more competitive for advisers placing lower value cases on the platform.
Ascentric’s charging now comprises:
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60 + 0.15% charge for funds up to 60K (previously 0.25%)
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0.25% platform charge on balance of funds between 60k and 1m
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0.10% charge on balance of funds between 1m and 3m
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Discounts are available on the balance of funds greater than 3m
The new charges will be available to Ascentric users from Tuesday 4th January 2011 and removes the 150 per annum minimum charge on portfolios of less than 60K. The minimum investment amount has also been reduced from 5,000 to 1,000.
“The Ascentric proposition already offers a wide availability of investment solutions to advisers,” says Richard Goodall, Sales and Marketing Director at Ascentric. “Following feedback from our users, this new charging structure will allow our advisers to offer their investment solutions to a broader range of clients.”
D.C.