Advisers using FundsNetwork may convert clients to funds' clean share classes en masse from January 2015, the platform has said.
The platform will offer advisers the chance to 'bulk convert' client assets across their fund holdings in ISA and investment fund accounts from January. FundsNetwork said advisers have until 5 December to identify accounts they wish to convert, contact clients and seek their approval. In addition, it will provide firms with a detailed guide of the options available for transition to clean share classes, as well as a timeline of events leading up to the Financial Conduct Authority's deadline of April 2016. It will also provide a cost comparison report to show individual client charg...
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