Charles Stanley unveils re-reg play with charge waiver for big clients

Charles Stanley Direct has moved to capture large clients from competitors by scrapping its own charge for new or re-reg clients with £500,000 or more, for a limited period.

The offer, which sees Charles Stanley Direct waive its charge for a period of six months, applies to new clients or those transferring from another platform who move at least £500,000 on to CS Direct. Charles Stanley is waiving both its own platform charge and any custody fee in an effort to entice investors and help offset any exit penalty they may incur from leaving another platform. Its offer comes after a spate of platform pricing announcements, including from the country's largest D2C platform, Hargreaves Lansdown. As well as unveiling its own tiered pricing structure, Hargreaves...