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Deutsche unveils flat £500 suitability fee in RDR rate card
by Danielle Levy on Feb 20, 2013 at 09:48
The same charges for equity, bond and fund transactions apply for Deutsche’s execution-only service, alongside a 0.3% administration charge for the first £1 million.
Although the team has sought to ‘keep pricing across the client base where it was prior to the RDR’, Robinson acknowledged that a small portion of the advisory legacy client book would be moved over to a new structure, as they may have formerly been on a commission-only basis. He added the removal of trail would not significantly impact revenues, due to the move into institutional units and passives in recent years.
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