We know how complicated prices and charges can be, so for us it’s really important we keep things as simple as possible. Our truly transparent 'all-in' pricing structure is designed to make it easier for you to understand the total cost of using our platform without having to worry about additional costs racking up over time.
We don't charge anything else for:
So you and your adviser don't need to worry about incurring any extra charges
You will pay a single charge on the value of your investments and cash in your portfolio:
|Your portfolio value
The value of your cash and investments held on the platform
|Your all-in charge|
|Up to £1m||0.30%|
|£5m and above||Ask your adviser to contact us to discuss|
|Minimum charge||£15 per month|
All charges are inclusive of any taxes that might apply.
Charges are calculated and deducted monthly, in arrears.
You can further reduce this pricing if you and your family all hold your investments with us. We'll add all your investments, assets and cash together so that you can take advantage of the lower platform charge for large portfolios. And we'll work out the right share of the charges to apply to each member so you only pay your proportion.
We pay interest on any cash you hold in your account. The average interest rate changes and so is calculated daily and paid into your account monthly.
|Average interest received 01/08/21 - 31/10/21||0.0044%|
With M&G Wealth you can be sure client money is deposited safely and effectively.
Any client money (cash in your account) we hold is protected under the Financial Services Compensation Scheme (FSCS) up to a maximum of £85,000 for each client and bank with whom client money is held. The FSCS website has further details on the definition of a temporary high balance. You can find out more here or by visiting the FSCS website.
Fund managers, discretionary fund managers or third party product providers might charge you separately to use their funds, services or product.
Please speak to your financial adviser to find out more about these charges.
If you’re still unsure about our pricing, speak to your Financial Adviser and they’ll be happy to help.