AJ Bell Investcentre, one of the largest investment platforms for financial advisers, today announces it is to remove or reduce a number of charges, further increasing the value financial advisers can offer their clients via the platform.
The changes
The following charges will be removed with effect from 10 June:
• Cash transfers-in to a SIPP will be free of charge – currently £60 + VAT
• The SIPP setup charge will be removed for accounts opened online – currently £120 + VAT
• The dealing charge for proportionate disinvestments across portfolios in the Funds & Shares Service will be removed – currently £1 per holding disinvested
In addition, the platform custody charge will be removed for cash holdings in the Funds & Shares Service with effect from 1 July.
Billy Mackay, managing director of AJ Bell Investcentre, comments:
“As the business grows we are always looking for ways to share economies of scale with advisers and their clients and at a time when so many people are dealing with the impact of the rising cost of living, now felt the ideal time to make our latest round of charge removals and reductions. These changes will enable financial advisers to offer their clients even greater value via our platform and reinforce our position as one of the most competitive platforms in the advised market.”