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:
At the beginning of the month, 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 £10,000 to £100,000 and 0.50% for the amount invested over £100,000. This is then divided by 12 for each month of the year.
£100,000 x 0.75% = £750
£10,000 x 0.50% = £50
(£750 + £50) / 12 = £66.67 (incl. VAT)
The fee is VAT inclusive and covers investment management as well as technology costs and custodian charges. The only additional cost are fund charges directly incurred by the ETFs and fund providers, currently averaging around 0.25%.
There are no additional set-up fees, transaction costs or trading fees.