How do we make money?
Portfolio Entry Fee (PEF)
Our charge is 2.2% of the amount invested, with a ceiling or cap of £44,000. On circumstances where clients were referred via specialist professional partners, or complex tax structuring is involved, the charge may increase to 3.5%. However, this will always be disclosed at outset.
Active Management Fee (AMF)
We charge a % of the value of your portfolio on an annual ongoing bases, which means it’s in our interest to do all we can to make your money grow
Therefore, the more you have under advice with Stein, the lower your fees…
- Up to £1,499,999 = 1%
- From £1.5m to £5m = 0.8%
- Over £5m = 0.6%
What we don’t do is charge you for fund switching
When we recommend a fund switch our only intention is to keep your portfolio balanced and to maximise performance. There is no entry or exit charge
What we don’t do is charge you for encashments
When you take a partial or complete withdrawal there are zero exit penalties
What we don’t do is take commission
This eliminates bias on funds picked. Some funds automatically generate commission, where this the case 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), which is calculated as a percentage of funds under advice. These charges vary greatly and are payable to the Fund Manager (i.e. we do not receive these charges) Due to the significant funds under management, we enjoy the same Fund Manager charges that are usually only available to the largest institutions
Sometimes called CLEAN share class funds, this category of fund carries an OCF charge usually typically between 0.4% to 1.2% with no initial or exit charges on the funds. These are the most competitive rates available within the market today
External Fund Manager Charges
The On-going Charges Figure (OCF) is expressed as an annualised figure but the charge is taken daily.
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
External Fund Manager Charges
The On-going Charges Figure (OCF) is expressed as an annualised figure but the charge is taken daily.
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
