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Discretionary Managed Funds

Does anyone else have an opinion on the benefits or disadvantages of a DMF over an advisory?

The VAT is one disadvantage and the charges are appx 50% more, I am being quoted 1.08% inc VAT, is that high or low for a DMF?

J

Comments

  • segovia
    segovia Posts: 381 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    segovia wrote: »
    Does anyone else have an opinion on the benefits or disadvantages of a DMF over an advisory?

    The VAT is one disadvantage and the charges are appx 50% more, I am being quoted 1.08% inc VAT, is that high or low for a DMF?

    J

    Bumped message / post
  • tacpot12
    tacpot12 Posts: 9,468 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    I'm slightly confused as I've not heard of Fund changing VAT. Who is the fund provider?
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.
  • segovia
    segovia Posts: 381 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    tacpot12 wrote: »
    I'm slightly confused as I've not heard of Fund changing VAT. Who is the fund provider?

    Rathbone's, it's not all vatable

    https://www.rathbones.com/advisers/financial-advisers/managed-portfolio-service
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