As well as the fees we charge, there may be additional charges associated with discretionary investment management, the funds we recommend, the structures or pensions we invest in and the wrap platform (sometimes called custodian fees). We always tell you about these fees upfront.
The amount you pay depends on the portfolio you invest in, the services you ask us to provide and the amount you invest with us. Using the example above, if you invested £1,000,000 into a First Wealth Evidence Based balanced portfolio, via the Fusion wrap platform, managed on a discretionary basis, the annual fees would be:
- Discretionary management fee: 0.096% (£960).
- Costs of underlying financial instruments: 0.23% (£2,300).
- Fusion wrap platform: 0.20% (£2,000).
- First Wealth fee: 1% (£10,000).
Total fee: 1.526% (£15,260 on a £1,000,000 investment).