Hubwise reveals fee cap and simplified pricing structure

Revised trading fees

clock • 2 min read

Hubwise will this weekend introduce a simplified pricing structure, including a fee cap, that it says will make it "one of, if not the, most competitively priced platforms in the market".

From 1 July 2017, the existing platform fee of 20 basis points will be capped at £40 per product per month, meaning there will be no further charges above client assets of £240,000. At the same time, trade execution fees for UK-listed investments will be replaced with a £1 settlement fee. Hubwise CEO Angus McDonald said: "We recognise the huge pricing disparity in how platforms charge for their services and have taken innovative steps to change our own pricing for the benefit of the sector. "We have a vision of charging for work done, applying fair and transparent pricing across the b...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Poor platform service 'significantly' affects 54% of advisers

Poor platform service 'significantly' affects 54% of advisers

Exclusive: Down from 80% the previous year

Jenna Brown
clock 02 December 2025 • 2 min read
Mark Sanderson: Getting to the point of platforms

Mark Sanderson: Getting to the point of platforms

'Platforms are there to serve investors'

Mark Sanderson
clock 28 November 2025 • 4 min read
How is tech changing platform asset migration?

How is tech changing platform asset migration?

'Every transfer should be compliant, transparent, and in the client's best interest'

Tom Mullaly
clock 17 November 2025 • 4 min read