Fair Transparent Charges
Unfair charges reduce good fund performance
Our interests are aligned.
- Our business model is aligned with our clients’ interests. By putting clients’ interests first, we’ve created an environment where both parties are rewarded for our investment success.
- Rather than being remunerated in the traditional way, by generating fees from transactions or fund switching for example, we are rewarded by portfolio performance. This means our natural focus is on capital growth and wealth preservation, the same as our clients.
- We have no financial ties to any institution; our independence enables us to choose the fund managers we think will best benefit our clients. Our rare approach of not accepting any fees or commissions from any investment institution also eliminates investment bias (where a fund is chosen for the wrong reasons).Our clients don’t suffer charges to change funds or access capital.
Portfolio Establishment Fee (PEF)
Our fee structure is designed to reflect both the value we provide and the scale of the investment. We apply a fair and transparent approach, rewarding larger investments with lower effective percentages.
- Up to £1,299,999 investment: 3.0% fee
- Above £1.300,000 investment: 3.0% fee capped at £39,000
- Effective fee charged on £5,000,000 investment: 0.78% (£39,000)
- Effective fee charged on £20,000,000 investment: 0.19% (£39,000)
For investments above £1.3 million, our fee is capped at £39,000, ensuring larger portfolios enjoy lower effective fees while receiving the same level of expertise and service. This fee covers everything from personalized advice to portfolio construction and implementation.
When circumstances dictate complex tax structures, additional charges will apply. These will always be presented and agreed in advance.
Active Management Fee (AMF)
Our ongoing Active Management Fee (AMF) is simple and designed to align our success with yours. We charge an annual percentage of your portfolio’s value, ensuring that our focus remains on growing your wealth. The larger your portfolio grows, the more efficient our fees become:
- Up to £1,499,999: 1.0% annual fee
- £1.5m to £4,999,999: 0.65% annual fee
- £5m to £9,999,999: 0.4% annual fee
- £10m to £19,999,999: 0.25%
- Over £20m: Bespoke
This symbiotic relationship drives us to consistently optimize your returns, with no hidden fees or commissions. We are fully aligned with your success — when your wealth grows, we both benefit.
Is there a charge for fund switching ?
No, when we recommend a fund switch there is no charge or cost, our only intention is to keep your portfolio balanced and maximise performance.
What is the charge you for encashments, withdrawals ?
When you take a partial or complete withdrawal there are no charge or exit penalty
Do we take a commission ?
No, taking commission can introduce investment bias. We are independent and do not receive any financial incentive for any investment provider. There are occasionally funds that automatically generate commission, when this is the case we rebate 100% of the fee to our clients portfolios.
Clean Share Class funds (CSC)
We only recommend Clean Share Class funds or ETF’s (sometimes referred to as institutional rather than retail funds) for our clients. This is because they are generally cheaper and carry no hidden initial charges, commissions, or exit penalties, meaning there is NO CHARGE to change. This category of fund carries an OCF charge typically between 0.3% to 1.3% for Active Funds and 0.10% to 0.25% for passive/ETF funds, payable to the Fund Manager. These fees are taken within the fund and performance is always detailed net of these charges. If we feel it’s important that our clients benefit from a certain fund, but that fund is only available as a Retail fund, paying commission, we rebate 100% of the fee to your portfolio.
Model Portfolio (MPS) and Discretionary Fund Managers (DFM)
Should we recommend a Model Portfolio or a Discretionary Fund Manager, these portfolios carry additional oversight charges payable to the DFM, MPS provider of circa 0.1% to 0.3%
Portfolio Valuations
Our Portfolio Valuations are expressed net of all charges and therefore represent your encashment value.
Online access 24/7 to include:
- Valuations
- Charges
- Performance
- Asset allocation
- Client Wealth Account
Portfolio Establishment Fee (PEF)
Our fee structure is designed to reflect both the value we provide and the scale of the investment. We apply a fair and transparent approach, rewarding larger investments with lower effective percentages.
- Up to £1,299,999 investment: 3.0% fee
- Above £1.300,000 investment: 3.0% fee capped at £39,000
- Effective fee charged on £5,000,000 investment: 0.78% (£39,000)
- Effective fee charged on £10,000,000 investment: 0.39 (£39,000)
- Effective fee charged on £50,000,000 investment: 0.078% fee (£39,000)
For investments above £1.3 million, our fee is capped at £39,000, ensuring larger portfolios enjoy lower effective fees while receiving the same level of expertise and service. This fee covers everything from personalized advice to portfolio construction and implementation. If your circumstances require complex tax or trust structuring, any additional fees will be agreed upon in advance.
Active Management Fee (AMF)
Our ongoing Active Management Fee (AMF) is simple and designed to align our success with yours. We charge an annual percentage of your portfolio’s value, ensuring that our focus remains on growing your wealth. The larger your portfolio grows, the more efficient our fees become:
- Up to £1,499,999: 1.0% annual fee
- £1.5m to £4,999,999: 0.65% annual fee
- £5m to £9,999,999: 0.4% annual fee
- £10m to £19,999,999: 0.25%
- Over £20m: Bespoke
This symbiotic relationship drives us to consistently optimize your returns, with no hidden fees or commissions. We are fully aligned with your success — when your wealth grows, we both benefit.
Is there a charge for fund switching ?
No, when we recommend a fund switch there is no charge or cost, our only intention is to keep your portfolio balanced and maximise performance.
What is the charge you for encashments, withdrawals ?
When you take a partial or complete withdrawal there are no charge or exit penalty
Do we take a commission ?
No, Not taking commission eliminates any bias on funds picked. Some funds automatically generate commission, when this is the case we rebate 100% of the fee to your portfolio.
Clean Share Class funds (CSC)
We only recommend Clean Share Class funds or ETF’s (sometimes referred to as institutional rather than retail funds) for our clients. This is because they are generally cheaper and carry no hidden initial charges, commissions, or exit penalties, meaning there is NO CHARGE to change. This category of fund carries an OCF charge typically between 0.3% to 1.3% for Active Funds and 0.10% to 0.25% for passive/ETF funds, payable to the Fund Manager. These fees are taken within the fund and performance is always detailed net of these charges. If we feel it’s important that our clients benefit from a certain fund, but that fund is only available as a Retail fund, paying commission, we rebate 100% of the fee to your portfolio.
Model Portfolio (MPS) and Discretionary Fund Managers (DFM)
Should we recommend a Model Portfolio or a Discretionary Fund Manager, these portfolios carry additional oversight charges payable to the DFM, MPS provider of circa 0.1% to 0.3%
Portfolio Valuations
Our Portfolio Valuations are expressed net of all charges and therefore represent your encashment value.
Online access 24/7 to include:
- Valuations
- Charges
- Performance
- Asset allocation
- Client Wealth Account
Portfolio Establishment Fee (PEF)
Our fee structure is designed to reflect both the value we provide and the scale of the investment. We apply a fair and transparent approach, rewarding larger investments with lower effective percentages.
- £500,000 investment: 3.0% fee (£15,000)
- £1,000,000 investment: 3.0% fee (£30,000)
- £5,000,000 investment: 0.8% fee (£39,000)
- £10,000,000 investment: 0.4% fee (£39,000)
- £40,000,000 investment: 0.1% fee (£39,000)
For investments above £1.3 million, our fee is capped at £39,000, ensuring larger portfolios enjoy lower effective fees while receiving the same level of expertise and service. This fee covers everything from personalized advice to portfolio construction and implementation. If your circumstances require complex tax or trust structuring, any additional fees will be agreed upon in advance.
Active Management Fee (AMF)
Our ongoing Active Management Fee (AMF) is simple and designed to align our success with yours. We charge an annual percentage of your portfolio’s value, ensuring that our focus remains on growing your wealth. The larger your portfolio grows, the more efficient our fees become:
- Up to £1,499,999: 1.0% annual fee
- £1.5m to £4,999,999: 0.65% annual fee
- £5m to £9,999,999: 0.4% annual fee
- £10m to £19,999,999: 0.25%
This symbiotic relationship drives us to consistently optimize your returns, with no hidden fees or commissions. We are fully aligned with your success — when your wealth grows, we both benefit.
Is there a charge for fund switching ?
No, when we recommend a fund switch there is no charge or cost, our only intention is to keep your portfolio balanced and maximise performance.
What is the charge you for encashments, withdrawals ?
When you take a partial or complete withdrawal there are no charge or exit penalty
Do we take a commission ?
No, Not taking commission eliminates any bias on funds picked. Some funds automatically generate commission, when this is the case we rebate 100% of the fee to your portfolio.
Clean Share Class funds (CSC)
We only recommend Clean Share Class funds (or institutional rather than retail funds) for our clients. This is because they carry no hidden initial charges, commissions, or exit penalties, meaning there is NO CHARGE to change. This category of fund carries an OCF charge typically between 0.4% to 1.2% with no initial or exit charges on the funds. If we feel it’s important that our clients benefit from a certain fund, but that fund is only available as a Retail fund, paying commission, we rebate 100% of the fee to your portfolio.
External fund manager charges and DFMs
All funds and DFM’s carry an On-going Charges Figure (OCF) expressed as a percentage. These charges vary, and are typically within 0.3 – 1.2%, expressed as an annualised figure but the charge is taken daily , payable to the Fund Manager, not Stein. These fees are taken within the fund and performance is always detailed net of these charges.
Portfolio Valuations
Our Portfolio Valuations are expressed net of all charges and therefore represent your encashment value.
Online access 24/7 to include:
- Valuations
- Charges
- Performance
- Asset allocation
- Client Wealth Account
