Any advice on these fees?

[quickinvestor]

I have enclosed fees of a top broker that I was thinking of using in the coming year.

Are they very high or industry standard?


Our Charges

The Managed Investment Service has three separate charges
which include a global custody fee, tiered commission charges
and a management fee, applied on a tiered basis, as follows:

£100,000 to £250,000–1.25%

£250,000 to £500,000–1%

£500,000 to £750,000–0.75%

Over £750,000 – 0.5%.

Our management fee is subject to a minimum of £250 (+VAT) per
quarter. All trades are subject to a minimum commission of £75.
Full details of our charges and commissions are available on the
Managed Investment Service rate card

 

[galway_blow_in]

is this an execution only service ?

will you be instructing them which securities to buy or sell or will advice be provided ?

 

[quickinvestor]

They manage more than £3 billion on behalf of 27,000 clients, offers a variety of services. Its monthly savings plan requires a minimum investment of just £200 a month, while its advisory broking account requires no minimum. However, its managed portfolio and discretionary broking account are only available to clients with £100,000 to invest. The former is a bespoke portfolio with a dedicated broker for investors who don't want to make investment decisions, while the latter creates a personalised investment strategy for a broker to execute.