SVM Asset Management has extended its commission for IFAs from 3 per cent to 5 per cent until September 30.
Advisers will have the choice to either discount the initial charge to their clients or retain the commission.
The increased commission within the SVM UK opportunities fund and its continental Europe fund is available to lump sum investors as a direct investment, through a Pep or an Isa transfer or on investments via platforms Cofunds and FundsNetwork.
In the twelve months up to March 2004, SVM's three Oeic funds have increased from £6 million to £14.5 million – an increase of 142 per cent.
SVM Head of retail sales Mark Noble says: “The commission increase is part of our IFA strategy and we aim to empower IFAs to make their own decision over the terms they can offer clients.”