Unit Trusts & OIECs
Quilter does not charge for switching.
Where possible, we have negotiated the removal of fund manager initial and exit charges, however, it is important to remember that clients may still bear some fund manager administration or dealing costs when purchasing funds.
These additional costs would apply irrespective of whether you are investing with Quilter or through other platforms.
The visibility of these charges will vary according to the type of fund, for example dual-priced funds, such as unit trusts, may have explicit bid/offer spreads. Please check our asset lists for details of any initial charges and spreads which may apply.
Exchange Traded Funds (ETF), Exchange Traded Commodities (ETC) and
Investment Trusts
As trading in exchange traded investments requires a stockbroker, a dealing charge will apply every time an asset is bought or sold via the exchange. The charges for trades on ETF, ETC and investment trusts are as follows:
Trades inside a model portfolio
- £1 per asset being bought or sold
Trades outside of a model portfolio
- £3.50 for trades valued at less than £10,000
- 0.035% for trades valued at more than £10,000
- £15 cap per asset trade
Please note, stamp duty* and a PTM levy** apply when trading investment trusts.
**Stamp duty - HM Revenue & Customs (HMRC) charges stamp duty of 0.5% on purchases.
**PTM levy - £1.50 applies to each investment trust trade valued over £10,000