You can achieve a cost-effective result by amalgamating your assets into one fund.
You can achieve a cost-effective result by amalgamating your assets into one fund.
You will agree with your adviser at outset how you will pay for the services you receive.
The fees you pay your platform provider and fund managers will typically take the form of a percentage of your total platform assets, often on a sliding scale so the larger your assets the lower the percentage fee. Here lies one of the advantages of a platform: instead of having several smaller funds each incurring charges, by amalgamating them into one large fund you can achieve savings by paying lower fees.