Exactly what we charge, and what you get for it

Fees are the part of investing most providers prefer to keep vague. We would rather put them in the open, because clarity is a form of respect — and because a fee you understand is a fee you can judge.

The headline numbers

For Portfolio Management we charge an annual management fee — 0.7% + VAT for Smart Beta, 1.3% + VAT for Alpha — plus 0.2% custody, and a performance fee (10% or 20% of positive return, subject to a high-water mark). We cover trading and execution costs, so they do not quietly erode your returns.

Why “free” usually isn't

When advice is free, the product is usually where the cost hides — in spreads, in commissions, in funds the provider is paid to sell. We don't run an in-house product shelf, so we have nothing to push. You pay us a clear fee, and that is the whole relationship.

Every cost is disclosed before you invest and again in your periodic reports. If a number ever surprises you, we have failed at our job.