Ascentric has launched 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 impacted 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.
Ascentric sales and marketing director Richard Goodall (pictured) 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 moving forward.”
FundsLibrary managing director Stuart Louden says: “This tool will enable advisers to clearly demonstrate the effect of all charges on their clients’ portfolios in a transparent manner.”