7IM cuts platform fees for high-net-worth investors

On investments above £2m

Seven Investment Management is set to reduce fees on its platform for high-net-worth clients and family groups investing above £2m, in efforts to become "the best value for money platform available".

From 1 April, large investors on the platform will see their fees fall from 0.15% to 0.08% on investments between £2m and £5m, while clients investing more than £5m will see fees cut from 0.15% to 0.05%....