The Platform Plus product, which is currently used by ten staff internally, cuts fees for advisers using a DFM from 2.2% to between 0.75% and 1.25%.
OCM Wealth Management claims that fees will be cut by eliminating the double charging of a traditional platform and DFM model.
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CEO of OCM Wealth Management, Jason Stather-Lodge explained that Platform Plus provides a post-RDR solution for advisers looking to streamline their business.
Stather-Lodge said: "We set out to combine a discretionary asset management process, with a service that is both client-focused and integrated with the IFA post-RDR. We have created a platform which uses whole of market solutions and state of the art portfolio management technology. If it is used as we do in-house, then it will allow advisers to focus on their client-centric advisory proposition."
"Our key aim was to build a scalable solution that also reduces costs and increases efficiencies for advisers, helping them offer a more polished, integrated service," he added.
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