DFM launches new low-cost model portfolio service for advisers
Fees 0.1% per annum or £20 per month
John Bennett: "Why should a client as their wealth grows pay more for the same service?”
London-based DFM Sparrows Capital has launched a platform-based model portfolio service for advisers, becoming one of the first fund houses to combine a low percentage-based fee with a low cap.
Sparrows has released its SCore MPS range, comprising 11 portfolios categorised according to their equity exposure, which cost either 0.1% per annum of a client's investment or £20 a month. The firm's...
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