Nucleus is cutting charges for clients with larger portfolios from 1 November.
Charges are being reduced for all portfolios between £500,000 and £5m, with the biggest reduction - 50% - on amounts between £1m and £2m. Tier Client charge (current) Charge from 1 November £0-£0.5m 35bps 35bps £0.5m-£1m 35bps 25bps £1m-£1.5m 30bps 15bps £1.5m-£2m 30bps 15bps £2m-£3m 25bps 15bps £3m-£5m 20bps 15bps £5m+ 15bps 15bps Nucleus business development director Barry Neilson said: "This is a decision we are taking as a result of feedback from our advisers. "Our advisers wanted us to keep our pricing model simple but bec...
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
