AJ Bell chops 10bps off Model Portfolio Service fees

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 ...