Alliance Trust Savings is looking to increase the cost of its fixed price platform in order to reinvest in the business and offer additional services to advisers.
The platform says it is looking to add model portfolio and discretionary fund management capabilities to its service.
Alliance Trust Savings managing director Patrick Mill says it hopes to make a decision on the level of pricing increase over the next six months.
Mill says: “We do need to invest in the business. In the intermediary space we do not have everything and we are looking to add some further services such as model portfolios and discretionary fund management.
“We would need to look at our current charges to be able to invest and develop those services.”
Alliance Trust Savings is currently one of the few platforms which charges a flat fee for investing as opposed to traditional fees based on a percentage of invested assets.
It operates an unbundled charging structure which costs £48 per year for Isa and general investment accounts, £162 for a Sipp wrapper and £12.50 transaction fees.
It also has a bundled offer without additional transaction fees which costs £120 per year for Isa and GIA and £300 for a Sipp wrapper.
Thameside Wealth director Tom Kean says: “Perhaps Alliance Trust Savings believes price increases are unlikely to drive people away due to client apathy. As the platform is still a relatively new entrant and growing, it seems unlikely it would raise prices in an effort to increase profits at this stage.”