AXA Elevate reveals tiered platform prices

AXA Wealth has unveiled its post-Retail Distribution Review (RDR) tiered pricing structure, which will come into force from January.

Under the four-tiered model, portfolios of £500,000 or above will be charged an annual fee at the lowest rate of 0.28%. This will increase to 0.32% for portfolios between £100,000 and £499,999. Assets between £25,000 and £99,999 will be charged 0.34%, and for £24,999 and below the cost will be 0.40%. The Elevate pricing model is structured so clients are always charged the lowest price they qualify for on their whole investment, for example if a client invests £100,000 they will pay a platform charge of 0.32% for the entire investment. David Thompson, managing director of marketin...