7IM cuts platform fees for high-net-worth investors

On investments above £2m

Seven Investment Management is set to reduce fees on its platform for high-net-worth clients and family groups investing above £2m, in efforts to become "the best value for money platform available".

From 1 April, large investors on the platform will see their fees fall from 0.15% to 0.08% on investments between £2m and £5m, while clients investing more than £5m will see fees cut from 0.15% to 0.05%. 7IM expands range with launch of 'smart passive' equity funds Commenting on the fee cut, which will apply to new and existing investors, head of intermediary at 7IM Verona Kenny said the changes will make the firm's offering "the best value for money platform available for clients including those with higher balances and in family grouping for pricing". 7IM's Turner: UK opportuniti...