Investec’s recently announced 75 basis point model falls in line with several other groups which have already declared how they will charge clients post-RDR.
BlackRock, Rathbones, Schroders and London-based boutique City Financial are just some of those which have chosen the ‘fully clean’ 75 basis point route, which strips out adviser commission and platform charges.
However, Invesco Perpetual and Mam Funds have chosen a 1 per cent share class, which includes a platform charge of approximately 25 basis points bundled into the price of the fund.
Source: FTAdvisor. Read full article here.