Elson Associates' Charges Tariff

Charges tariff

Our ongoing charge is a competitive 0.35% of the value of your investments.

All platform investments (with the exception of a few funds) are invested in clean share class funds. These funds have a lower annual charge than their old-style equivalents because the commissions previously included in the annual management charge (typically 0.5%) to pay for broker and platform services have now been stripped out. These commissions have been replaced by explicit platform and broker fees, which are charged separately and directly to the investor, saving them money going forward.

There are two platforms that we can offer, Aegon and Fidelity FundsNetwork. Our preferred platform of choice is Fidelity FundsNetwork due to their superior administration, ease of use systems and overall functionality. There are no initial charges and the annual charges are lower than those charged by the fund management companies to direct investors. As we do not receive commission on platform investments, we charge an ongoing service fee of 0.35%.

Fidelity FundsNetwork - over 5,300 funds available

If you wish to view the charges of a particular fund through Fidelity FundsNetwork, you can search for the fund here.

  Initial fee   Annual fee 1 year cost
on £10,000
Elson Associates 0% Annual service fee 0.35% £35.00
Fidelity FundsNetwork 0% Annual service fee 0.25% £25.00
Investment company 0% Typical annual fund management fee 0.75% £75.00
Total 0% Total annual fee 1.35% £135.00

Initial fee

Elson Associates 0%
Fidelity FundsNetwork 0%
Investment company 0%
Total 0%

Annual fee

Elson Associates service fee 0.35%
Fidelity FundsNetwork service fee 0.25%
Investment company typical fund management fee 0.75%
Total annual fee 1.35%

1 year cost on £10,000

Elson Associates £35.00
Fidelity FundsNetwork £25.00
Investment company £75.00
Total annual fee £135.00
Clients of Elson Associates DO NOT pay the standard investor fee (£45) levied by Fidelity FundsNetwork.

For details of how service fees are collected, please see Services Included.

Aegon - over 5,000 funds available

If you wish to view the charges of a particular fund through Aegon, you can search for the fund here.

  Initial fee   Annual fee 1 year cost
on £10,000
Elson Associates 0% Annual service fee 0.35% £35.00
Aegon 0% Annual service fee 0.20%* £20.00
Investment company 0% Typical annual fund management fee 0.75% £75.00
Total 0% Total annual fee 1.30% £130.00

Initial fee

Elson Associates 0%
Aegon 0%
Investment company 0%
Total 0%

Annual fee

Elson Associates service fee 0.35%
Aegon service fee 0.20%*
Investment company typical fund management fee 0.75%
Total annual fee 1.30%

1 year cost on £10,000

Elson Associates £35.00
Aegon £20.00
Investment company £75.00
Total annual fee £130.00

* for investments up to £499,999. Then it's 0.18% up to £999,999 and 0.15% on any amount held in excess of £1m. Contact us for further details.

Directly held funds

Prior to the introduction of platforms, investments were placed directly with the fund managers. Annual charges were typically 1.5% with 0.5% renewal commission being paid to ourselves and many clients still hold their funds directly. However, if you still hold funds through us directly with the fund manager, on the old-style commission-included basis, you may wish to consider re-registering them to a platform (free of charge) in order to save money on charges going forward. Please contact us for a comparison quote and the relevant application forms.

Clean share class funds

Clean share class funds do not pay commission. If you invest in or hold a clean share class fund directly with the fund manager through us, we will charge you an ongoing service fee of 0.4% of the value of your investment. We collect this fee by direct debit from your nominated bank account every six months. We do not charge an initial fee for arranging clean share class investments.

Other investments

Following the Retail Distribution Review by our Regulator, all financial advisers must now charge fees in lieu of taking commission. As an execution-only provider, we are still able to reinvest and receive balance commissions on some products but for those that do not pay commission, we will charge the following one-off fees:-

  • With Profits bonds - 1%
  • Investment bonds - 1%
  • VCTs - 1%

(equivalent to £100 on an investment of £10,000)

Pensions and SIPPS

Please contact us as charges may vary.

Services included in our all inclusive fee

Elson Associates does not give advice, but we do offer a cost-effective range of services tailored to suit investors happy to do their own research and make their own investment decisions.

Dealing
  • All new applications including postal, online, telephone dealing, monthly contributions, transfers and top-ups.
  • Fund switches.
  • Stock transfers.
  • Account closure.
  • Selling funds (We do however suggest that this is done by you as most companies require you to action this and it will save you time).
Research and information
  • Online quick fund research featuring fund performance, sector positions, quartile rankings and prices.
  • Portfolio scanner which analyses your portfolio at the click of a button showing the asset split, region split and sector split together with overall performance data and top holdings for the whole of your portfolio.
  • Leaders, Laggards and Losers provides a rating for over 2,000 funds highlighting both the out-performers and under-achievers over a three year period. You'll now be able to see at the click of a button just how well (or badly) your funds are doing compared to their peers.
  • Online account with valuations and fund monitoring updated automatically daily with prices and monthly by unit position.
  • Online detailed fund research featuring fund performance, sector positions, quartile rankings, prices, yields, charting tool, factsheets, KIIDs plus much more.
  • Online brochure request facility.
  • Regular newsletter.
Account activity
  • Consolidated valuation and fund monitoring paper reports - sent automatically twice yearly in January and July.
  • Telephone enquiries, queries and information.
  • Email enquiries, information packs and other literature.
  • Paper valuation and fund monitoring reports available anytime on request by telephone, email or by post.
  • Details of holdings for probate services.
Fee collection

Aegon
The Aegon and Elson annual service fees are payable by unit deduction each month. If you don't want Aegon to sell units/shares to pay the service fees, you need to make sure that you keep enough money in your General Investment Account (GIA) to cover them. If you would like more information on adding funds to your GIA, please contact us and we will be happy to help you.

Fidelity
Unlike Aegon, FundsNetwork cannot take broker charges from your investment account. However, they do provide a Cash Management Account, which can be used for this purpose. Please do not hesitate to contact us for more details.

Our ongoing service fees are based on a percentage of the value of your portfolio. As such, they will increase or decrease as your fund(s) grow or fall in value.

"Unlike other brokers, we do not charge for additional services"

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Elson Associates does not offer advice as to the suitability of investments. If you are unsure whether an investment is suitable for you, you should obtain expert advice. Past performance of an investment is not necessarily a guide to its performance in the future. The value of investments or income from them may go down as well as up. You may not necessarily get back the amount you invested.

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Elson Associates plc, 5 Queen Street, Kings Hill, West Malling, Kent, ME19 4DA | Freephone: 0800 0961111

Authorised and Regulated by the Financial Conduct Authority

Registered in England No. 3595128