Brooks Macdonald to make 'substantial' DFM fee cut

clock

Brooks Macdonald is planning a ‘substantial' fee cut for its discretionary fund management service, which could see its headline charge fall by up to 30%.

The wealth manager’s fund of funds range currently carries an average charge of 50bps, but business development director Andrew Denham-Davis (pictured) said the firm is preparing to slash its prices to 35bps plus VAT on certain platforms. “The 50bps figure is where we start. Taking into account economies of scale and platform efficiencies, we would be able to move to at least 40bps plus VAT and, for substantial support [from platforms], this could well come down further to 35bps plus VAT,” he said. The proposed fee cut is the second time the DFM provider has reduced its charges in les...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Content: Join us today: Unlocking portfolio potential

Partner Content: Join us today: Unlocking portfolio potential

Join us for our Podcast Live! discussion with LGIM as we unpick new investment opportunities in the overlooked asset classes powering the energy transition.

Sarka Halas
clock 07 February 2024 • 1 min read
'The recession that did not happen': How investors should be positioned for 2024

'The recession that did not happen': How investors should be positioned for 2024

Wellington co-head of investment strategy

Natasha Brook-Walters
clock 06 February 2024 • 4 min read
Investment Company of the Year Awards Winners Interview - Allianz Technology Trust PLC

Investment Company of the Year Awards Winners Interview - Allianz Technology Trust PLC

clock 05 February 2024 • 3 min read
Trustpilot