The repricing trend spreading through the platform market is an attempt to drive advisers' behaviour and encourage them to increase portfolio sizes, according to Platforum senior researcher Miranda Seath.
Ascentric, James Hay and Nucleus have all recently announced upcoming changes to their price structures but the alterations have tended not to make their services cheaper to typical clients. Nucleus has lowered its charges for portfolios greater than £500,000 and James Hay for portfolios bigger than £1.5m, while Ascentric has kept its prices the same for portfolios above £1m but dropped its add-on trading and securities charges, which would represent lower costs for higher-value portfolios. An advised client typically uses between two and four investment platforms and Seath (pictured...
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