EQ Investors slashes DFM fees across products

Standard charge of EQ Positive Impact Portfolios falls to 0.33%

Wealth management firm EQ Investors has reduced its annual discretionary fund management (DFM) charge as of today (1 July), with VAT no longer chargeable across its model portfolio service and a two basis-point drop on the standard charge of its EQ Positive Impact Portfolios to 0.33%.

Companies with more than £5m invested in the Positive Impact range will receive further discounts; those with between £5m and £15m will pay 0.3%; investors with between £15m and £30m in the products will pay fees of 0.25%; and those with more than £30m to invest will pay 0.2%. DFM charges will also reduce across its EQ Future Leaders portfolios depending on the amount that is invested; fees for those with less than £5m invested are 0.25%; those with £5m to £15m to invest will be charged 0.2%; £15m to £30m investments will carry a 0.15% charge and those with more than £30m in any of the p...