Our fees and total costs

Tideway Wealth is more cost efficient than you might think.

It's cheaper than buying a fund of funds on the UK's leading self investor platform, without advice, and significantly cheaper than using many IFAs and third party portfolio managers.

Investment services provider

Tideway

Leading UK self investor platform

Typical adviser using a third-party discretionary manager

Services provided

Wealth Management

  • Initial and ongoing advice with regular reviews
  • ISA, SIPP, GIA and Offshore Bond accounts
  • Custody and dealing
  • Portfolio management and administration
  • Online valuations
  • Portfolio performance reviews and full cost disclosure

Select yourself investments

  • ISA, SIPP and GIA
  • Custody and dealing
  • Online valuations
  • Multi Manager range

Or get help

  • Initial and ongoing advice with regular reviews, on request but charged separately

Wealth Management

  • Initial and ongoing advice with regular reviews
  • ISA, SIPP, GIA and Offshore Bond accounts
  • Custody and dealing
  • Portfolio management and administration
  • Online valuations
  • Portfolio performance reviews and full cost disclosure

Typical fees charged

  • Account and Custody fees 0.16% p.a.
  • Trading fees 0%
  • Advice charge 0.75% p.a.
  • Typical active fund via an institutional share class 0.7% p.a.

Typical total average costs 1.61% p.a.

  • Account and Custody fees 0.45% p.a.
  • Trading fees 0%
  • Typical active fund via an institutional share class 0.7% p.a.
  • Typical multi manager fund costs 1.3% p.a.

Advice fees

  • Typical initial advice 1%
  • Typical ongoing advice review fee 0.37%

Typical total fees for self-selected fund portfolio 1.15% p.a.

Using a multimanager fund 1.75% p.a.

Using a multi manager fund with advice 2.12% p.a.

  • Typical platform fee 0.3%
  • Typical advice charge 0.5%
  • Typical portfolio manager fee 0.5%
  • Average fund fees 0.7%

Typical total average costs 2.00% p.a.

Examples

An investor with £350,000 to invest would pay an ongoing fee of approximately:

£5,635 p.a. with Tideway for a full wealth management service.

They could be paying:

£7,000 p.a. for the same service with an adviser using a third-party managed portfolio

...or...

£4,550 p.a. on a self-serve platform picking their own funds, managing the accounts themselves and without any advice

...or...

£7,420 p.a. on a self-serve platform using their multi manager funds and with an annual advice review.

Important Notes
The fees quoted are based on publicly quoted rates and Tideway’s own advice market analysis. In practice fees can vary significantly for different service propositions and from firm to firm. Some firms offer discounts to larger investment portfolios, some services and firms have exit penalties to leave a service or product.
It is important that when comparing service offerings, you understand exactly what you will get and what you will pay for it.

Next section: About us →

Tideway Investment Group comprises the following entities: Tideway Investment Partners LLP; Tideway Wealth Management Limited and Tideway Asset Management Limited. Tideway Asset Management Limited and Tideway Wealth Management Limited are appointed representatives of Tideway Investment Partners LLP, which is authorised and regulated by the Financial Conduct Authority. FCA number: 496214.

Tideway Wealth Management Ltd
107 Leadenhall Street
London EC3A 4AF

+44 (0)20 3143 6100
info@tidewayinvestment.co.uk

© Tideway Investment Group 2019

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