Raymond James Investment Services has unveiled a new pricing model for its administration platform.
The new tiered model will replace the 0.33% flat rate option previously offered as part of its bundled pricing.
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The new model includes four tiers, with prices ranging from 0.30% and reducing to 0.10% for higher balances.
The model will include up to 20 Crest and fund trades annually. The minimum annual custody charge will be £300.
Raymond James head of business development David Hazelton said that the new model would particularly benefit those clients who are still in a wealth accumulation phase.
"In addition, by rolling trade charges into the custody charge, we are providing a simpler pricing structure and the tiering means this pricing model may be attractive to high net worth clients as well," he said.
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