Transact has announced it is cutting its annual rates as it overhauls its fee structure.
The firm, a corporate member of the Institute of Financial Planning, said an investor with a portfolio value of £180,000 would make an annual saving of almost 15 per cent on fees.
The annual commission for the first £600,000 held in investments will reduce to 0.325 per cent per year. On the next £600,000 the rate would be 0.2 per cent and 0.07 per cent on the remainder.
The annual commission rate for the first £600,000 held in cash would be reduced to 0.29 per cent per year. For the next £600,000 the rate would be 0.18 per cent.
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The only exception would be for rates on portfolios which are less than £300,000. In these cases, the first £60,000 would be charged at 0.5 per cent on investment and 0.45 per cent on cash.
Ian Taylor, chief executive of Transact, said the reductions were part of Transact's commitment to "responsible pricing".
Mr Taylor said: "As part of our responsible pricing principle, we are pleased to be able to once again share with our customers savings from the scale and efficiencies our business is delivering.
"Tens of thousands of investors will pay less as a consequence of these changes to our pricing structure."
The changes will come into effect from 1 June 2013.

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