FE Invest - VAT Update

6th May 2021

Some Good News! 

In our February 2021 newsletter, we informed you that we had negotiated a further reduction to our already reduced Discretionary Fund Manager fee with FE Invest from 0.20% plus VAT (0.24% including VAT) to 0.19% plus VAT (0.228% including VAT). 

Whist this is already a very good discount from FEs standard fee of 0.275% plus VAT (0.33% including VAT), we are pleased to inform you that FE have now announced that following adviser pressure, they have removed VAT from their Discretionary Fund Manager Charge. 

This will reduce your DFM charge from 0.228% to 0.19% per annum. 

All platforms have been made aware and they are in the process of changing this, and it will be backdated to 1st May 2021. 

Broom Consultants continue to strive to ensure that our clients receive the best service at a better price.

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T: 01277 202222
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