BROOKS MACDONALD GROUP PLC Brooks Macdonald has announced significant reductions to the Annual Management Charges (AMC) on both the Cornelian Risk Managed Fund Range and the Cornelian Risk Managed Passive Range.
These changes, which take effect from 1 July, have no impact on the investment process or how the funds are managed.
In the Brooks Macdonald 2021 Financial Adviser survey, three-quarters of advisers stated competitive fees and charges were an important factor for them, demonstrating that value for money continues to be a key attribute when attempting to win and retain business.
The reductions to the Cornelian Risk Managed Fund ranges will enable advisers to offer fund ranges at the most competitive price at a time when, with inflation recently reaching its highest point in 30 years, clients need it the most.
Robin Eggar, Managing Director, Head of UK Investment Management said: "At Brooks Macdonald, we're constantly working towards our ambition to deliver robust investment performance alongside outstanding service for our clients and intermediaries. We understand the importance of cost as a key consideration in the advice process and we are pleased to announce these reductions to the Cornelian Risk Managed Fund ranges."
SVS Cornelian Risk Managed Fund Range - D (Clean) Share Class | |||||
Fund Name | Dynamic Planner Risk Level* | Current AMC | Planned AMC from 1 July 2022 | Current OCF** | Expected OCF from 1 July 2022 |
SVS Cornelian Defensive | 3 | 0.75% | 0.50% | 1.27% | 1.02% |
SVS Cornelian Cautious | 4 | 0.75% | 0.50% | 1.23% | 0.98% |
SVS Cornelian Managed Growth | 5 | 0.75% | 0.50% | 1.22% | 0.97% |
SVS Cornelian Managed Income | 5 | 0.75% | 0.50% | 1.32% | 1.07% |
SVS Cornelian Growth | 6 | 0.75% | 0.50% | 1.18% | 0.93% |
SVS Cornelian Progressive | 7 | 0.75% | 0.50% | 1.21% | 0.96% |
SVS Cornelian Risk Managed Passive Range - G (Clean) Share Class | |||||
Fund Name | Dynamic Planner Risk Level* | Current AMC | Planned AMC from 1 July 2022 | Current OCF** | Expected OCF from 1 July 2022 |
SVS Cornelian Defensive | 3 | 0.30% | 0.20% | 0.62% | 0.52% |
SVS Cornelian Cautious | 4 | 0.30% | 0.20% | 0.57% | 0.47% |
SVS Cornelian Managed Growth | 5 | 0.30% | 0.20% | 0.55% | 0.45% |
SVS Cornelian Growth | 6 | 0.30% | 0.20% | 0.55% | 0.43% |
SVS Cornelian Progressive | 7 | 0.30% | 0.20% | 0.55% | 0.45% |
* Risk ratings for Dynamic Planner as at 31 March 2022
** See Important Information overleaf for details of changes to the Ongoing Charges calculation. Based on the latest audited Ongoing charges as at 15 April 2022.
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Enquiries to:Gabriella Ruggiero
FTI Consulting
Gabriella.ruggiero@fticonsulting.com
+44 20 3727 1000
Notes to editorsBrooks Macdonald Group plc, through its various subsidiaries, provides high-quality investment management services in the UK and internationally. The Group, which was founded in 1991 and began trading on AIM in 2005, had discretionary Funds under Management of £16.7 billion as at 31 March 2022.
Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions, charities and trusts. The Group also provides financial planning as well as international investment management, and acts as fund manager to a range of onshore and international funds.
The Group has fourteen offices across the UK and Crown Dependencies including London, Birmingham, Cheltenham, East Anglia, Exeter, Leeds, Manchester, Southampton, Tunbridge Wells, Scotland, Wales, Jersey, Guernsey and Isle of Man.
Find out more about Brooks Macdonald's Cornelian Risk Managed Fund ranges.
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Brooks Macdonald Group plc published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 08:26:10 UTC.
