Whitechurch cuts management fees on model portfolios

OCF of 0.4% to 0.6%

Discretionary fund manager (DFM) Whitechurch Securities has reduced the management fees on its 'Dynamic' range of model portfolios.

The portfolios' management fees have been cut from 0.35% to 0.10% plus VAT if held directly, or 0.20% plus VAT through an external platform. Whitechurch believes this will make it a competitive proposition against other model portfolios and multi-manager funds.  The portfolios are made up of passive and active funds, with ongoing charges for the underlying funds ranging from 0.17% to 0.29%, based on current holdings. If held directly, there is a transaction fee of 0.45% for switches, but Whitechurch said its 'buy-and-hold' investment approach means turnover would be low. There are no ...