Axa Wealth has unveiled its post-Retail Distribution Review (RDR) tiered pricing structure, which will come into force from January.
Under the four-tiered model, portfolios of £500,000 and above will be charged the lowest rate at 0.28%.
This will increase to 0.32% for portfolios between £100,000 and £499,999.
Assets between £25,000 and £99,999 will be charged 0.34%, and for £24,999 and below the cost will be 0.40%.
The firm said the pricing model is structured so clients are always charged the lowest price they qualify for on their whole investment. For example if a client invests £100,000 they will pay a platform charge of 0.32% for the entire investment.
David Thompson, managing director of marketing and distribution, Axa Wealth, said: "We pride ourselves on enabling advisers to carry out day to day advisory business in the most efficient and effective way possible.
"Elevate's new tiered pricing model goes even further towards achieving this by aiding the adviser in easily explaining to customers what they are being charged.
"We are already one of the fastest growing platforms in the UK market today and our new pricing model has been designed to accelerate asset growth and deliver sustainable profits in line with Axa Wealth's long-term ambition to be a UK platform winner."
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