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
Brewin's Gutteridge: what's behind the second oil crash?

Brewin's Gutteridge: what's behind the second oil crash?

This week Brewin Dolphin's research head talks to Will Riley, co-manager of the Guinness Global Energy fund, about what next for oil.  

Play AA-rated Bullas: what drove my UK small cap outperformance

AA-rated Bullas: what drove my UK small cap outperformance

AA-rated Richard Bullas has quietly been making a name for himself at the helm of the Franklin UK Smaller Companies fund.

Play Sector spotlight: how Harwood's Philbin is playing emerging markets

Sector spotlight: how Harwood's Philbin is playing emerging markets

Emerging markets have been a rollercoaster for investors, but amid the doom there have been have been bright spots, such as India. 

Your Business: Cover Star Club

Profile: CHI's bond supremo on liquidity and bond risk management

Profile: CHI's bond supremo on liquidity and bond risk management

'Some people have been extremely complacent about rate rise risk. Myself, I wish they would just get on with it.'

Wealth Manager on Twitter