Costs and charges
Professionally managed investing should be as cost effective and clear as possible, so we've made sure our investment platform fees are competitive and transparent.
Our investment platform costs and charges
As an investment platform provider, we don’t add any extra fees to our standard SIPP charge when clients move into drawdown or start taking income. Clients under 18 don't pay a SIPP charge, but they may still pay custody, DFM, and dealing charges.
Our “cliff edge” custody charge, also known as a sliding scale, means that when we combine a client's total portfolios, including assets and cash, they'll pay a custody rate based on specific bandings, not just the proportion within that band.
Our DFM charges reflect the careful work of our in-house investment team, including managing risk-driven asset allocation, governance, fund due diligence and regular rebalancing.
| Type | Charge |
|---|---|
| DFM Charge (passive) | 0.12% |
| DFM Charge (active) | 0.24% |
| Dealing charge (for fund switch and rebalance purchases) | 0.45% (≈0.05% p.a.)* |
| Parmenion SIPP charge | £18+VAT per quarter |
*Dealing charges shown are for Parmenion Investment Management MPS. Other DFM provider's fees will vary.
| Custody band* | Charge |
|---|---|
| £0 - £299,999.99 | 0.30% |
| £300,000.00 - £599,999.99 | 0.25% |
| £600,000.00 - £1,499,999.99 | 0.20% |
| £1,500,000.00 + | 0.15% |
*A minimum monthly custody charge of £5 per client applies for clients over 18.
What you can expect
We explain investment options clearly, checking clients understand their options, and give regular updates on their investment's performance.
Step 1: Pre-sale
01Step 1: Pre-sale
As an adviser, you'll make your recommendation and create a bespoke investment management report (IMR).
Step 2: Making the investments
02Step 2: Making the investments
After your client has chosen the solution and risk grade they're comfortable with, you'll make the investment on their behalf.
Step 3: Quarterly report packs
03Step 3: Quarterly report packs
Evey quarter, your client will receive a report pack, detailing how their investments performed in the previous 3 months.
Step 4: Annual statement
04Step 4: Annual statement
At the end of the year, your client will receive an annual statement detailing exactly what they've paid in charges for each of their portfolios, during the previous year.
More information
