DFM Info

 

 Investment Management Fees

Payment 

The relevant Platform Provider will remit Investment Management Fees to P1, together with an amount equivalent to VAT at the prevailing rate if applicable, usually within thirty calendar days of the fees calculation date. This date is determined by each Platform Provider respectively. 

Fees 

The Management Fees will be charged by P1 monthly. The calculation method will depend on the Platform Provider being used. The fees will be charged at the following rate: 

Wealth Accumulator Managed Portfolio Service: 

An annual charge of 25 basis points, or 0.25%, of the value of the account attached to a model portfolio in this service payable monthly via the relevant Platform Provider. 

Retirement Income Managed Portfolio Service: 

An annual charge of 25 basis points, or 0.25%, of the value of the account attached to a model portfolio in this service payable monthly via the relevant Platform Provider. 

Bespoke Managed Portfolio Service: 

An annual charge of 25 basis points, or 0.25%, of the value of the account attached to a model portfolio in this service payable monthly via the relevant Platform Provider, subject to a minimum annual charge of £1,500. The charge for this service will attract VAT at the prevailing rate. 

 

Ethical & Sustainable Investing Managed Portfolio Service: 

An annual charge of 25 basis points, or 0.25%, of the value of the account attached to a model portfolio in this service payable monthly via the relevant Platform Provider. 

Asset Tracker Managed Portfolio Service: 

An annual charge of 8 basis points, or 0.08%, of the value of the account attached to a model portfolio in this service payable monthly when also using P1 as the Platform Provider. An annual charge of 10 basis points, or 0.10%, of the value of the account attached to a model portffolio in this service payable monthly when invested via a third-party Platform Provider. 

Responsible Asset Tracker Managed Portfolio Service: 

An annual charge of 8 basis points, or 0.08%, of the value of the account attached to a model portfolio in this service payable monthly when also using P1 as the Platform Provider. An annual charge of 10 basis points, or 0.10%, of the value of the account attached to a model portffolio in this service payable monthly when invested via a third-party Platform Provider. 

Mandated Model Portfolio Service (where selected by the Adviser) 

Fees will be agreed between the parties and set out in a Portfolio Mandate. If applicable, P1 will invoice the Adviser monthly in arrears if the Minimum Monthly Revenue Requirement is not met. The Financial Adviser shall pay the Minimum Monthly Revenue Requirement Fee within 30 days of receiving an invoice from P1. 

NOTE: Investment Management Fees will be subject to review by P1 from time to time and may be altered by giving the Adviser at least three months’ written notice of an intended alteration. 

Benchmarking

The following Benchmarks apply in respect of the Portfolios:

Wealth Accumulator
Retirement Income
Asset Tracker Ranges
Responsible Asset Tracker
Ethical & Sustainable Range
Benchmark
Adventurous Adventurous Adventurous Adventurous Adventurous Investment Association Flexible Investment
Moderate-Adventurous Moderate-Adventurous Moderate-Adventurous Moderate-Adventurous Moderate-Adventurous Investment Association 40-85% Mixed Investment
Moderate Moderate Moderate Moderate Moderate Investment Association 40-85% Mixed Investment
Cautious-Moderate Cautious-Moderate Cautious-Moderate Cautious-Moderate Cautious-Moderate Investment Association 20-60% Mixed Investment
Cautious Cautious Cautious Cautious Cautious Investment Association 0-35% Mixed Investment
Conservative Investment Association 0-35% Mixed Investment