The firm is talking to fund managers about applying a charge of up to £40 a month on funds with assets;below £100,000.
It says the fee will clean up some of the funds that are not actively being used by advisers, cover associated running costs and fund a new suite of management information reports which the firm is introducing to provide fund managers with detailed analysis of investment activity.
Head of marketing Dominic Ventham says: “Where administration charges are applied, the new management information reports will provide a helpful tool for devising app-ropriate future fund distribution strategies.
“Clearly, under the proposed retail distribution review rules, we expect that we will be required to disclose this fully as an income from product providers.”
The Platforum managing director Holly Mackay says: “To some degree, it is inevitable but it is a particularly difficult message for Ascentric because they sell themselves clearly as offering unfettered access to funds and tax wrappers.
“They are not saying they will stop doing that but we know the commercial realities are that it will make it harder for the boutique asset managers to get in front of financial advisers.”