Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Smith & Williamson reduces AMC on 13 funds

Smith & Williamson reduces AMC on 13 funds

Smith & Williamson has reduced charges on a range of funds to offer 'improved value for money'.

The move, prompted by the retail distribution review, will see thirteen pooled funds have lower annual management charges from 1 April.

The typical equity or multi-manager fund fee will be reduced from 75bps to 65bps, and for most fixed interest funds there will be a drop from 65bps to 55bps.

'We recognise that advisers and their clients look carefully at the level of AMC’s as part of the process of assessing the suitability of using a fund', Nick Hodgson, (pictured) partner, head of marketing and sales said.

'Whilst we firmly believe that cost alone should not the key driver, it is nevertheless important, and there is scope for us to offer improved value for money for investors by lowering our fees.'

Three capacity-constrained funds, with are available on most platforms, will not be reduced. They are the Short-Dated Corporate Bond B class at 65bps, MM Cautious Growth B class at 70bps and Enterprise C class at 90bps.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter