We charge annual fees ranging from 0.50% to 0.75% (incl. VAT) on a monthly basis, calculated from the average portfolio value over the course of any given month.
Consider the following example:
Beginning of March, your portfolio has a value of £109,000 and it grows to £111,000 over the course of that month. The monthly average value of your portfolio is £110,000.
Your total annual fee is 0.75% from £5,000 to £100,000 and 0.50% for the amount invested over £100,000. This is then divided by 365 for each day of the year.
£100,000 x 0.75% = £750
£10,000 x 0.50% = £50
(£750 + £50) / 365 x 31 = £67.95 (incl. VAT)
The fee is VAT inclusive and covers investment management as well as technology costs and custodian charges.
When investing there are two additional costs outside our or your control that you need to be aware of. One is fund charges directly incurred by ETF providers, currently averaging around 0.25% per annum. The other is the bid-ask spread, which is the amount by which the ask price exceeds the bid price for an asset in the market, which impact averages around 0.15%.
There are no additional set-up or trading fees.