Independent Financial Life Planners Bishop's Stortford: How to keep your wrap fees low...

Thursday, 6 February 2014

How to keep your wrap fees low...

One of the most confusing issues to many investors is determining exactly what fees they are paying on their investments and investment programs. Fees are often a key factor in the choice of advisors, so making a decision without full and accurate information can have a significant impact on the ultimate success of an investment program.

The fee issue has taken on added significance as the number of advisors that charge an asset based fee has increased appreciably over the past decade. Historically, many advisors did not charge a fee per se for their services but rather were paid a portion of the commission costs on trades made in client accounts. Charging an asset-based fee is considered to be more beneficial to the client as both parties share a common goal of growing the overall value of the account.

At Enable our carefully constructed risk graded range of of portfolios are carefully selected to keep fees low. All the asset classes used in our portfolios are accessed using very low cost passively managed funds. We currently use institutional class funds from Legal & General and Dimensional Fund Advisors plus Exchange Traded Funds (ETF’s) from iShares and Lyxor but are constantly looking to improve our offer to clients. The resulting total composite Annual Management Charges (including all trading costs, custodian fees etc) being in the region of 0.19% - 0.54% p.a. depending on the size of the portfolio and the risk grade selected.

(Please note that Enable’s fees and the investment platform/investment wrapper fees are in addition to these.)

Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.