A simple and transparent pricing structure
To meet the different needs of customers’ responsible investing preferences, we’ve evolved how we charge customers for our new WealthSelect portfolios.
The new pricing structure ensures that the portfolio management team have the flexibility to access a wider range of investments for your clients. You and your clients will also have more visibility over the costs of investing in the new portfolios.
The total cost of ownership of the portfolios will be in two separate parts:
- A weighted portfolio charge - this is the average of the cost of the funds held within each respective portfolio
- A Managed Portfolio Service (MPS) Charge
For our Responsible and Sustainable portfolios, the MPS charge is 0.20% and for the Managed portfolios it is 0.15%.
An example of how the new charging will work
|
|
Example Weighted portfolio fund charge |
Managed Portfolio Service Charge |
Total charge |
|
Sustainable Active |
0.60% |
0.20% |
0.80% |
|
Responsible Passive |
0.10% |
0.20% |
0.30% |
|
Responsible Blend |
0.45% |
0.20% |
0.65% |
|
Responsible Active |
0.65% |
0.20% |
0.85% |
|
Managed Passive |
0.10% |
0.15% |
0.25% |
|
Managed Blend |
0.40% |
0.15% |
0.55% |
|
Managed Active |
0.55% |
0.15% |
0.70% |