Comparing total cost of ownership | Old Mutual Wealth

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Clear and Competitive Charging Designed to Deliver Value

We are committed to making our charges clear, simple and competitive for clients. Our unbundled charging structure has been specifically designed to deliver excellent value for clients and complete transparency with no hidden charges.

When assessing the total cost of investing on a platform, the following costs should be considered.

ELEMENTS OF PLATFORM PRICING TO CONSIDER... OLD MUTUAL WEALTH'S PLATFORM HAS...
Headline platform charge One simple tiered charge that reduces as investments increase. No hidden extras
Product/wrapper charge No product or wrapper charge
Fund/portfolio cost less any rebate The best fund deals in the market
Cash account balances Any balance in our Cash facility for ISA and Collective Investment Accounts is included in the calculation for the tiered service charge
Transaction volumes No transaction fees
Family or linked accounts Client-linking available



Product or Service Charge

We have one tiered charging structure that is based on the value of all products held on the investment platform, and the percentage charge reduces as their assets grow. It is known as the Service Charge on the ISA and Collective Investment Account, and the Product Charge for the Collective Investment Bond and Collective Retirement Account.

Clients can benefit from client-linking, meaning we base the percentage charge they pay on the total value of Old Mutual Wealth investments* held by themselves and their spouse/civil partner.

Tier

% charge

First £25,000

0.50%

£25,000 to £100,000

0.35%

£100,000 to £500,000

0.30%

£500,000 to £1m

0.25%

£1m+

0.15%

Account value

Effective charge

£50,000

0.43%

£75,000

0.40%

£100,000

0.39%

£150,000

0.36%

£250,000

0.34%

£500,000

0.32%

£1,000,000

0.28%

Fund or Portfolio Cost

Our commitment to competitive pricing is clear. Through our size and scale we have negotiated with fund managers to provide access to the best value share classes in the market on 80% of the funds we offer*, helping drive down investment cost for your clients. In comparison, our closest competitor only offers access to the best value share classes in 50%* of cases.

*Source: AdviserAsset Analytics Report, February 2016.

Wrapper or Transaction Fees

Unlike some other providers, Old Mutual Wealth does not make any additional charges for wrappers or transactions such as switching or re-registration. We believe that investment decisions should be driven by customer needs and financial objectives and should not be influenced by the threat of additional charges. For this reason, we offer access to our WealthSelect managed portfolio service at no additional charge to you or your clients, although VAT will become payable on the Service Charge for the Collective Investment Account if taking advantage of this service.

Adviser Charging

The platform offers flexible adviser charging functionality, allowing you to take fees on an upfront,, ongoing or ad hoc basis, by specifying a percentage or monetary amount. VAT can also be added on to your servicing fee.

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