This week we announced that we’ve reduced our fee in the UK by over 40% for registered charities. With so much bad news hitting the headlines, we’ve been scratching our heads on what we could do to put something positive out there, whilst at the same time contribute to society.
We don’t have the resources to make huge donations to charities and anyway, if we did, where would we even begin to decide which charities to choose?
So, we came up with the idea of reducing our fee for registered charities opting to use our services to manage their hard-earned donations. The result being that from 1 February 2017 any charities registered in the UK will be charged just 0.20% (+VAT) compared to the full PortfolioMetrix fee of 0.35% (+VAT).
At the moment, charities can access this via the Wealthtime, Transact and Praemium platforms and we hope to extend this to other platforms in the near future.
Admittedly, it’s a small step but we hope it makes a difference to charities looking to reduce the cost of their investments.