Close Brothers Asset Management has announced a 'simple' new clean pricing structure for its direct platform – with a 0.25% annual fee on investments over £50,000.
A standard fee of 0.35% will apply up to the first £50,000 on the firm's Self Directed Service.
The discounted 025% platform fee applies to clean share class fund investments until 31 March 2015.
The new prices come in on 10 March 2014.
{desktop}{/desktop}{mobile}{/mobile}
Martin Andrew, chief executive of Close Brothers Asset Management, said: "We've structured our pricing to be as simple as possible and competitive in the market place."
There is no charge to switch between platform funds but there is a brokerage fee of £8.95 for traders on buying or selling items including equities, gilts and investment trusts.
There is no annual admin fee on its Sipps or Isas.