Evelyn Partners has cut the fees on its International Managed Portfolio Service to bring it in line with its UK MPS offerings.
The firm said fees for the range have been reduced from 0.30% to 0.20%, as part of its drive to make charges more competitive.
Launched in 2020, the actively managed model portfolios offer international financial advisers and their clients with global asset allocation strategies deployed through the selection of best-of-breed funds. There are seven risk-rated models available in GBP, EUR or USD.
Harriette Collings, director, international business development at Evelyn Partners, said: “Our decision to reduce the service fees on our International MPS range brings it in line with our UK MPS offerings.
“As the industry continues to move towards modern platform solutions, transparent and competitive charging is more important than ever. This change ensures our proposition remains both cost-effective and aligned with the evolving needs of our advisers and their clients around the world.”
Evelyn Partners said the models are rebalanced quarterly. Following the latest rebalance in November, the seven strategies now have a cap on the Ongoing Charges Figure of 0.60%, with OCFs across the range currently spanning 0.35% to 0.60%.
Rod Sallis, investment manager director at Evelyn Partners, commented: “Whilst we made no changes at the major asset class level in the latest rebalance, we were active within the underlying composition of the strategies. Following guidance from our strategy team, we reduced exposure to the UK after a period of strong performance.”
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