Fidelity FundsNetwork has unveiled a new pricing option for high net worth clients, offering free buying for lump sum investments and free switching in exchange for a small annual fee.
Launching on 9 August, IFAs advising clients with more than £50,000 on the platform will be given the option to pay a new annual account fee of £45, which will give them the freedom to buy or switch without incurring additional platform charges. For those who opt in, the levy will be introduced for qualifying clients during the second half of 2011. The service is just for online business, however FundsNetwork is also offering the same load-free terms for paper-based ISA transfers, as the service is not yet available online. Fidelity International head of UK retail sales Peter Hicks sa...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
