What does Best Price FS Offer?
Best Price Financial Services use Cofunds which is the UK’s largest independent investment platform offering a huge fund range and an award winning service.
We only offer the unbundled proposition on our execution-only service platform. However, if you are looking for advice, please contact our advisory firm Best Price Advice on 01639 860 111 for more details.
What is the difference between bundled & Unbundled funds?
All charges are charged explicitly.
- AMC - 0.75% - this would be fully retained by the fund manager
- Cofunds charge - an investment based charged in line with the below rate card.
- Adviser charge - 0.2% Fee
There are no initial fund charges and no switch charges through the unbundled proposition.
|Cofunds Rate Card
|0 to £100,000
|£100,000 to £250,000
|£250,000 to £500,000
|£500,000 to £1 Million
|£1 Million & Above
The rate card is calculated on a ratcheted basis, therefore each tier of the charging structure has to be completed before moving onto the next one (similar to income tax).
e.g. A £200,000 portfolio would have the first £100,000 charged at 0.29% and the next £100,000 being charged at 0.26%. The blended rate being applied to the overall portfolio is therefore equivalent to 0.275%.
All ongoing charges are bundled up within the AMC of the funds that you select. If we take a typical equity fund which has an AMC of 1.5% (Hargreaves Lansdown and Chelsea Financial Services) then this is broken down as follows:
- 0.75% retained by the fund manager
- 0.25% rebated to Cofunds
- 0.5% available to you as a trail commission.
In the above scenario we have set it up to rebate the trail commission so that our charge is 0.20%. Therefore the overall ongoing charge for the above would be 1.2%. Initial charges would be dependent upon the funds selected - the majority of funds do not have any initial charges, however some do have an initial charge attached to them.
Switch charge is 0.25% on the value of the switch.