British investment management firm Charles Stanley has increased unbundled minimum investment management fees by 50% to £600 from £400 to bring it in line with competitors in a more demanding regulatory climate.
The bundled option includes transaction fees and charges 1% on the first £1 million, 0.5% on the next million and 0.25% after that.
Go deeper with GlobalData
The firm has also upped the transaction charges from £10 to £15.
Also, there will be a change in the banding for the fee plus commission option, with the fee component at 0.5% applicable to the first £1 million, whereas previously it was tiered from £250,000.
Clients have been informed, a Charles Stanley spokesman said, with a ‘majority’ of fee increases on the managed side set to come through gradually over 12 months, starting on 1 October.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
