A new charging structure has been set out by Ascentric, which it hopes provide advisers with more options for their clients while aiding its ambition to be seen as the platform of choice.
The new inclusive charge is a flat 0.30% up to £1m, and 0.10% for additional assets over £1m.
It includes all fund trades; and where a client holds assets in model portfolios it includes Exchange Traded Instrument trades.
The standard charge is 0.25% plus trading; trading costs are £12.50, to be reduced to £9.50 as a result of the changes.
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Jon Taylor, managing director of Ascentric, said: "This new, straightforward charging structure goes to the heart of Ascentric's aim to be seen as the platform of choice in its target market.
"It offers advisers good value in an increasingly competitive marketplace. This new structure will operate alongside our existing standard charging structure and gives advisers the flexibility to select the most appropriate charging option for their client base.
"As a member of the London Stock Exchange, and a leading provider of exchange traded instruments to the retail market, the ability to trade on the exchange using Ascentric's model portfolios without additional trading charges is market leading."
Ascentric is also lowering other charges on its standard charging structure in a drive to offer better value to advisers' clients. Dealing charges on funds and ETIs will be reduced from £12.50 to £9.50 per trade, the Ascentric Pension Account will have a reduced administration charge of £100 (down from £150) and the APA Drawdown annual charge will be levied only once a year instead of each time a withdrawal is made.
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