We are lowering our charges from 1 April 2017:
- Annual Commission charge is reducing from 0.31% to 0.30% (lower charges apply to larger investment amounts), and
- The charging threshold of £150,000 is reducing to £120,000.
The new charging structure at 1 April 2017 is shown below:
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Single or consolidated Portfolio(s) up to £120k
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|
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Investments
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Cash
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£0 - £60,000
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0.50%
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0.45%
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> £60,000 - £120,000
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0.30%
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0.29%
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|
|
|
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Single or consolidated Portfolio(s) over £120k
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|
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Investments
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Cash
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£0 - £600,000
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0.30%
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0.29%
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> £600,000 - £1,200,000
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0.20%
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0.18%
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On the remainder
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0.0750%
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0.0675%
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We continue to allow clients and their family to link Portfolios as a group, making it easier for more investors to benefit from lower overall charges.
We have built scale since launching in 2000 and top the table for profitability based on the FinalytiQ Platform Profitability Guide 2016. This position allows us to adopt our ‘responsible pricing’ approach, which provides competitive pricing without ever compromising service and long term strength and stability.
Analysis from FinalytiQ illustrates that platform profitability is not necessarily correlated with size. Some of the largest platforms with well-known brand names are unprofitable which will equally influence their long term platform strategy. The report states that “profitable platforms are far more likely to be sustainable and more likely to pass on cost-savings to clients in the long run”.
To find out more from Transact, please:
Email: salessupport@integrafin.co.uk
Call : 020 7608 5350
Transact is the first independent, IFA-only Wrap service to be launched in the UK in 2000. Transact provides a full range of open architecture tax wrappers which can purchase, hold and report on virtually any asset that is tradeable and priceable in the UK, including all Unit Trusts, OEIC's, Investment Trusts, Equities, Gilts, VCT's, ETF's Hedge Funds and cash.