OpenMoney increases advice fee to 0.76%

The firm announced that its annual total fees, based on its lowest risk portfolio (including the portfolio's fund cost, advice fee and product fee), will increase from 0.51% to 0.76%, or 76p for every £100 invested. The increase will take effect from 1 September 2022, applying to any existing or new investments, it said. The firm added that the following would be offered as part of its service with no additional cost: access to financial advice appointments with a qualified financial adviser, tailored investment recommendations based on individual circumstances, annual reviews service...