AJ Bell chops 10bps off Model Portfolio Service fees

Focus on efficiency

Tom Ellis
clock • 1 min read

Platform AJ Bell has sliced 10 basis points off the management cost on its managed portfolio service, reducing the charge by 40%.

AJ Bell's managed portfolio service (MPS) now costs 0.15% plus VAT, compared with 0.25% plus VAT beforehand, the company said, before claiming the change made the offering one of the cheapest in the market. The platform is also moving its asset allocation approach for its portfolios in-house and these will now be benchmarked against Dynamic Planner risk ratings. AJ Bell said the portfolios would use Dynamic Planner's risk targeted approach, as opposed to its risk rated approach, to "ensure portfolios consistently target the right level of volatility, giving advisers and their clients ...

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