Close Brothers unveils clean pricing structure on platform

Close Brothers Asset Management has launched a new clean pricing structure on its self-directed platform, which will come in to operation on 10 March.

It has introduced an annual charge of 0.35% for smaller net worth clients, which falls to 0.25% for clients with more than £50,000. Initially, all clients will also benefit from a reduced rate of 0.25% per year if they switch in to clean share classes. This offer will run for a year between 10 March 2014 ans 31 March 2015. Close's new charging structure also has no exit fees or annual SIPP or ISA administration fees. The only time an exit fee will apply is if an investor is transferring a Close SIPP to another scheme. There are no charges to switch between funds, but Close will cha...