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 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.