ST. JAMES’S PLACE TOTAL CHARGE COMPARISONS
ONGOING TAILORED WEALTH MANAGEMENT ADVICE
How do St. James’s Place’s overall services, and the specific fund management services, compare to others?
3.5%
We offer a tailored advice service to all clients. As your individual circumstances change, we can help you with ongoing support to achieve your financial goals. The tailored service we provide to you will include: • Face-to-face review meetings at an agreed frequency to suit you • Availability to speak on the telephone between review meetings to discuss any financial matters important to you as your needs change over time • Regular financial communications tailored to you and your interests
The way we structure our charges differs from many other funds, advisers & investment managers.
2.3%
Our charges include: • Fund management • Ongoing financial advice • Client services • Portfolio construction & oversight • All aspects of administering your account
1.4%
• Correspondence and literature that is clear and easy to understand • Clarity and guidance in all aspects of your financial wellbeing
Above: How our charges compare to 19 firms in the UK marketplace. Based on an investment of £100,000 over a period of 10 years, in a typical ‘Balanced’ portfolio of funds, assuming an investment return of 5.0% a year. Source: Ernst & Young LLP, September 2020* OUR CONCLUSIONS The research concludes that St. James’s Place compares favourably with similar portfolios of funds, and our fund charges provide good overall value when the full range of services are taken into consideration. * The figures shown have been produced by Ernst & Young LLP (‘EY’), an external consultancy. They show the Reduction in Yield each year over a period of 10 years for a £100,000 investment into actively managed, unwrapped mutual funds (Unit Trust, OEIC or equivalent) with both initial and ongoing advice. Investment returns of 5% each year have been assumed. EY has collated and computed these figures as at 30 September 2020 for use by St. James’s Place and St. James’s Place Partners. The information must not be relied upon by any third party in making management or investment decisions.
We believe our approach offers value, as well as presenting a single, clear measure of the costs associated with your investment. However, it can be challenging to compare our funds with others who commonly separate charges for advice and administration. To overcome this, we commissioned an independent consultant to calculate a ‘like-for-like’ comparison. This research integrated initial and ongoing advice charges, product charges, providers’ platform fees, as well as fund charges to calculate an annualised figure for each wealth manager. The chart opposite shows how the charges from St. James’s Place compare to 19 similar firms in the UK marketplace.
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