Kingswood makes move to remove VAT from MPS

Effective 1 April

Sophie King
clock • 3 min read

AIM-listed Kingswood is to remove VAT from its managed portfolio service (MPS).

The change will apply to the firm's six discretionary model portfolios and clients will only be charged the management fee for the MPS. Kingswood investment manager Charlotte Cook said: "The decision was made in line with our core value of providing the best possible transparent service to our clients. "We are always looking for ways to improve our services and by removing VAT from our MPS, we are offering excellent value at a competitive price. We pride ourselves in the way we invest on behalf of clients." Don't look VAT in anger: Is the MPS trend here to stay? Other firms have...

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 Your profession

M&G returns to positive flows in H1 2025

M&G returns to positive flows in H1 2025

58% of AUMA from international clients

Patrick Brusnahan
clock 03 September 2025 • 1 min read
Growth rethink: Tech, talent and consolidation drive change in financial planning

Growth rethink: Tech, talent and consolidation drive change in financial planning

Professional Adviser talks to four firms about how they’re rethinking growth

Sahar Nazir
clock 02 September 2025 • 3 min read
Andrew Goodwin: Investing, gambling and the importance of the long game

Andrew Goodwin: Investing, gambling and the importance of the long game

'Remember that in investing, as in sport, there are no certainties'

Andrew Goodwin
clock 01 September 2025 • 4 min read