Asset charges and adviser fees are the only costs in addition to Quilter’s charges.
Quilter’s size and scale means we can negotiate with fund managers to offer your clients the most competitive fund deals in the UK market for 82% of our fund range, almost 20% more than our nearest competitors. (Source: Adviser Asset Analytics report, May 2022).
Where possible, we have also arranged for the removal of fund manager initial and exit charges for unit trusts and OEICs available through our platform. A minority of these unit trusts/OEICs are dual-priced (they have a bid/offer spread), or have some fund manager administration or dealing costs applied when purchasing them. These additional costs will apply to each platform, regardless of whether or not there are any explicit fund manager initial charges.
Our funds list (link below) clearly shows the charges and any spreads that may apply for all of the funds we have available through the platform. They are updated weekly.
We have also negotiated the best fund manager rebates where they are due, which we pass back in full on Charge Basis 3 to our customers in the form of units.
Funds list:
To view our full investment range, click the below link for our Fund Centre and ETI list: quilter.com/investments/platform-funds/
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. To open up investment opportunities for more of your clients, we’ve partnered with an experienced stockbroker, to provide a competitive and straightforward service with a dealing charge based on how the trade is instructed:
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.