National adviser network AFH has brought forward its plan to scrap platform fees, effective from today for new clients and those topping up their investments.
To allow for a comprehensive review of their current portfolios, AFH said other existing clients' platform fees would be removed by 1 November. Last month, AFH confirmed it would be scrapping platform fees for all of its clients but said this would be effective from the end of the year. In June, chief executive Alan Hudson (pictured) told Professional Adviser the move was "inevitable", saying the only question was as to what timescale over which this would occur. In this latest update, Hudson said: "Unlike ongoing adviser charges and active fund management, which add direct value t...
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