View more on these topics

Cazenove offers choice of charges

Cazenove is introducing two new share classes across its multi-manager range in preparation for the retail distribution review.

It has launched an institutional share class and a higher AMC share class for its diversity, diversity balanced and diversity tactical funds, which are managed by Marcus Brookes and Robin McDonald.

The institutional share class has a 0.5 per cent AMC, no initial charge and minimum investment of £1m. The firm has also launched a higher AMC share class at 1.25 per cent, with a 3 per cent initial charge. The existing A share class currently has a 1 per cent AMC, 0.5 per cent of which is renewal commission. It also has a 5 per cent initial charge, 3 per cent is paid as initial commission.

Head of UK advisory sales Robert Thorpe says: “There will be a lower initial charge of 3 per cent for those wanting to use the higher AMC share class in the interest of treating customers fairly. It will also allow us to work with some of the life companies and institutions who have not been able to add our funds due to the low AMC.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com