Charles Stanley Direct hikes platform fee to cope with pace of digital change

Rise to come in next month

Laura Dew
Charles Stanley Direct's fees are expected to come into force from 10 September

Charles Stanley Direct's fees are expected to come into force from 10 September

Charles Stanley Direct, considered among the cheapest providers in the market, is to increase its platform fee from 0.25% to 0.35% as a result of growing costs related to digitalisation.

The increased fees are expected to come into force from Monday 10 September on both fund and share holdings. Its platform charge for the first £250,000 of funds will be 0.35% per annum, falling to 0.20% on funds between £250,000-£500,000 and 0.15% on funds between £500,000-£1m. This then falls to 0.05% on funds between £1m-£2m.  For stocks and shares, there will be one platform fee of 0.35% with a minimum charge of £24 and maximum of £240 per annum. The firm said it would offer a platform fee waiver to stocks and shares holders which enabled them to obtain free platform fees by undert...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Wealth Management

The largest revenue growth opportunity will be in the affluent and low high-net-worth client segments with more than $300k and less than $5m in wealth.

Wealth industry missing out on $230bn opportunity in lower HNW and affluent segments

Morgan Stanley and Oliver Wyman report

clock 10 June 2022 • 2 min read
Manager of Columbia Threadneedle UK Social Bond Simon Bond, who hands over fund management responsibilities at the end of the month.

Square Mile downgrades Columbia Threadneedle UK Social Bond on Simon Bond's departure

Somerset GEM loses rating

Melanie Boulton
clock 08 June 2022 • 2 min read
Global Equity Income became the best-selling IA sector in April

ISA season boost reverses fund outflows

£553m inflows over April

Melanie Boulton
clock 06 June 2022 • 1 min read