Ascentric tool shows how charges affect rates
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Ascentric is offering a key features tool that demonstrates how platform charges affect portfolio growth rates.
The key features builder tool works alongside key features documents from fund managers to create a single document summarising the risk and performance of the selected wrappers and funds.
Advisers can use the key features builder to show clients how their total expense ratio is affected by adviser charges, fund manager charges, wrapper charges and Ascentric’s own platform charge.
The tool has been developed with FundsLibrary and can also be used to show charges when setting up model portfolios and a range of exchange traded funds.
Sales and marketing director Richard Goodall says: “The retail distribution review is driving transparency within the market and this tool has been designed to support the adviser in achieving this standard. I expect tools such as this to become the norm for platform disclosure.”
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