Quilter Investors is introducing fee discounts on its funds when assets under management exceed a certain threshold, with the firm saying it wants to “share the success and economies of scale” with its investors.
Funds that exceed £3bn ($3.81bn, €3.49bn) of assets under management (AuM) will have a 0.05% discount applied, and the other discounts are tiered as follows:
Quilter Investors Fees Cuts
| Fund value | Discount |
|---|---|
| Zero to £750m | 0.00% |
| Over £750m to £1bn | 0.01% |
| Over £1bn to £1.5bn | 0.02% |
| Over £1.5bn to £2bn | 0.03% |
| Over £2bn to £3bn | 0.04% |
| Over £3bn | 0.05% |
The firm said the discount is available from 1 July to all share and unit classes of Quilter Investors funds domiciled in the UK, except for Quilter Investors Global Dynamic Equity Fund and Quilter Cheviot Global Income and Growth Fund, which have different charging structures and existing discount provisions.
The discounts follow the reduction in the fixed ongoing charges of the Cirilium and Cirilium Blend portfolios in March.
Marcus Brookes, chief investment officer and managing director, Quilter Investors, said: “Particularly in this challenging environment, it is crucial we look for new and innovative ways to reduce the overall cost of investing for investors. Our success is their success and we want to pass on any economies of scale to ensure the charges for them are as low as they can be.
“We want our investment products to be agile and respond to the needs of advisers and their clients, and this is the latest step in driving value where we can.”
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