Reduced platform charge
When Quilter last reduced platform charges in February 2020, our CEO Steven Levin promised further price-cuts if Quilter were able to realise more efficiencies through its new technology. For the past six quarters, Quilter has been number one for advised platform gross sales and has continued to find greater efficiencies through the wider adoption of online processes.
We believe the time is now right to again share our success with your clients through a further reduction in our standard platform charge. We have a simple tiered charging structure that is based on the value of all products held on the platform, and have no additional charges for activities such as pension drawdown.
Want to how Quilter compares the rest of the UK platform market?
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|
New platform charge |
|
|
Total amount invested |
Service or Product charge each year |
|
First £50,000 |
0.35% |
|
£50,000 to £250,000 |
0.25% |
|
£250,000 to £750,000 |
0.20% |
|
£750,000 + |
0.15% |
This move will see an average 15% reduction in platform charges
This means a typical client with £300,000 on the platform could pay approximately £750 less in charges over five years, meanwhile someone with assets of £600,000 could see their charge reduced by nearly £1,500 over the same period.
This price reduction will go live in June 2023 for new customers and will then be applied to your existing clients during Q3 2023.