Liontrust cuts DFM fees on multi-asset ranges

5 bps or more chopped off

Liontrust has revealed plans to cut the discretionary fund management (DFM) fees for its three Liontrust Managed Portfolio Service (MPS) and three Wealth Solutions Service (WSS) ranges, effective from 1 April 2022.

Liontrust MPS and WSS are the firm's target risk and actively managed model portfolios. They are managed by its multi-asset investment team, led by John Husselbee (pictured). The costs of the DFM fees for MPS Growth and MPS Income are going to drop from 0.30% to 0.25%, while MPS Dynamic Beta will be reduced from 0.30% to 0.20%. WSS Growth and Income portfolios will take a five basis point drop from 0.32% to 0.27% and WSS Dynamic Beta a 10 basis point reduction from 0.32% to 0.22%. The fee cuts have been made possible, Liontrust said, by the growth in clients and assets under managemen...