We use cookies to track usage and preferences. See Cookie Policy
Pocketmags Digital Magazines
US
Pocketmags Digital Magazines

WHAT LIES BENEATH

Online fees for direct business-to-client services look set to tumble in an impending industry shake-up, but beneath attention-grabbing platform price cuts other costs may lurk

When Vanguard UK announced a 50% reduction in its UK closed-platform fee structure for online clients recently, it certainly caused a stir.

‘FINANCIAL SERVICES HAVE BECOME EXPERT AT ENSURING THAT VISIBLE FEES ARE JUST THE TIP OF THE ICEBERG’

One commentator heralded it as “throwing down the gauntlet to high-charging rivals and financial advisers by slashing fees to less than half the UK average”. Since the announcement, I have been asked about little else.

READ MORE
Purchase options below
Find the complete article and many more in this issue of International Adviser - August 2017
If you own the issue, Login to read the full article now.
Single Issue - August 2017
FREE

View Issues

About International Adviser

As well as all the regular news and features, the July/August edition of IA continues our quest for raising the bar of professional standards as we profile Jocelyn Wright, who runs Ascension Wealth Management in the US city of Philadelphia. She makes the urgent point that there are not enough people in the financial advisory space who reflect the wider community.
Ways to Pay Pocketmags Payment Types
At Pocketmags you get Secure Billing Great Offers HTML Reader Gifting options Loyalty Points