Our charges are designed to make it easier for you and your clients to understand the total cost of the platform without having to worry about additional costs racking up over time.
Benefits of using the M&G Wealth Platform
Family linking
A family group, including spouses, civil partners, cohabitees, parents, children, grandparents, grandchildren and step relations may benefit from a discount on our platform charge.
In-house dealing
There's no extra fees for any of our services either including unlimited trading access to shares, ETFs, investment trusts & bonds through our stockbroking service.
Our pricing structure explained
One platform price, no additional charges; no SIPP fees, no drawdown fees, no model portfolio fees and no exit fees.
The single charge is based on the value of investments and cash in the portfolio and includes any taxes that may apply.
0.30%
Up to and including £1m. There is a minimum fee of just £15 per month.
0.10%
From £1m up to and including £3m
0.06%
From £3m up to and including £5m. Terms available on request for assets over £5m.
Other information
There are a few things like third party product provider or service provider charges, interest and the protection through the Financial Service Compensation Scheme (FSCS) that it's important to be aware of too.
External charges
Fund managers, discretionary fund managers, advisers or third party product providers might charge separately to use their funds, services or products. For lists of existing DFMs relationships or third party products available on the platform, click the links below.
Cash interest
Cash held in clients' cash accounts will earn interest from the day it has been credited to the account. The average annualised interest rates paid are disclosed on our client pricing page.
How we look after client cash
With M&G Wealth, you can be sure client money is deposited safely and effectively. Any client money (un-invested cash) we hold is protected under the Financial Services Compensation Scheme (FSCS).