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Myddleton Croft reduces platform fee


Myddleton Croft is reducing its platform annual management charge in order to increase its competitiveness to intermediary clients.

Having removed its dealing charge last year to give clients greater transparency, the boutique investment firm will lower its current fee of 0.6 per cent (plus VAT) to 0.35 per cent (plus VAT) on the Ascentric, Novia and Nucleus platforms.
As well as reducing its fees, Myddleton Croft is also introducing quarterly rebalancing of the six available portfolios: low; defensive; moderate; adventurous; speculative; and equity on the above platforms. 
These will be available in standard and offshore bond variants and will be rebalanced at the end of the calendar quarters December, March, June and September (except when these fall on weekends).
The new quarterly rebalance service will be available to all adviser firms and will be called, for example, MCIM Moderate RP5 Quarterly and MCIM Moderate RP5 Quarterly (Offshore Bond).
“As a dynamic business, we’re constantly reviewing the way we operate to ensure that we provide the best service to the end client,” says Julie Jones, managing director of Myddleton Croft. “This latest move has only been possible because of our strong asset performance, despite a volatile market, which has helped us to continue to increase funds under management.”
Myddleton Croft has grown to an eight-strong team, working with independent financial advisers throughout the North of England and further afield who use the firm’s investment management expertise to complement their existing financial service propositions. It serves private clients, charities, pension funds and trusts.

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