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Article | 05 July 2018 | press releases
We are making our super clean share classes available to all UK investment platforms. Previously the super clean share class has only been available on Standard Life Elevate and Standard Life Wrap. This will mean a reduction in the annual management charge (AMC) for all other clients of 20 basis points (bps) on the Active and Blended ranges, 5 bps on the Passive fund range and between 10 and 20 bps on the Single Strategy fund ranges compared to the clean share classes*.
Sarah Ackland, Head of UK funds, Architas:
“Extending our super clean share classes across all platforms will provide better value and more consistent pricing for all clients invested in Architas via third party platforms. We now have advisers using Architas across all the main UK platforms and believe it is right to make the best value pricing available to all platform clients rather than just those using a specific one.
“During the 10 years of Architas we have seen significant changes in the market. This includes the growth of multi-asset and multi-manager solutions and demand from advisers for funds that balance risk with potential reward. Given the growth of the business it is right that we continue to offer competitive and value for money solutions for our clients.
“This move will also simplify the situation for advisers who are switching clients between platforms or using multiple platforms as part of their investment proposition. Having consistent pricing also removes the additional costs faced by advisers that wish to switch platforms and want to remain invested in Architas funds.”
*The AMC on the clean (A) share class for the Architas Multi-Asset Active Reserve fund is 60bps so the reduction is only 5bps for the (S) share class.
For more information, call us on 020 7562 4900 (Monday to Friday 9.00am - 5.00pm; calls may be recorded).