Strawberry’s new investment platform provides clients with an online investment account where they can manage their savings and investments. Our calculations have shown that on average customers should save around 18% on our new platform, when compared to previous charges.
Percentage Charge of Assets Held
New Charges (%)
Old Charges (%)
|£0,000 – £50,000||
|£50,001 – £1million||
The above charge will be levied on all assets held on the platform, including cash. Accounts are subject to a minimum charge of £2 per month.
As the Strawberry Invest Platform is an Execution Only service, there are no associated adviser fees.
Charges will be deducted monthly in arrears
*Accounts over £2 million will be classed as High Net Worth accounts and standard charging will not apply. Strawberry Invest will contact the account holder to agree a bespoke charging structure.
|Standard Electronic Fund Dealing||ZERO||Per deal|
|Exchange Traded Instruments (ETF, Equities)||0.04% (subject to a minimum of £7.50)||Per deal|
Ad Hoc Charges
|Line of stock Transfer out||£1.00|
|Product Transfer out||£00.00|
|Full Transfer away||£00.00|
Transferring a line to stock or complete portfolio to Strawberry Invest is at zero cost.
If you decide to transfer your whole portfolio out to another provider it will cost £25.
Note: Tax on dividends for UK equities is deducted by the registrar before distribution at the basic rate of 10% and is not reclaimable within a Stocks & Shares ISA or SIPP. Interest on cash held within a Stocks & Shares ISA is subject to a flat charge of 20%. Tax notes and references are dependent upon individual circumstances and subject to change.
Important note about charges
The investments you choose may have their own charges, such as charges from a particular fund manager. These are in addition to our account charges. You can find these in each investment’s key investor information document (KIID), which is available when you choose a fund. A bid/offer spread may also apply.
Some Typical Examples of Charges
If you invest £5,000 into one Account, in the first year you would pay:
Charge based on assets: £5,000 x 0.30% = £15.00
Minimum charge override: £24.00 (£2.00 per month)
If you invest £100,000 between two Accounts (eg, ISA and IA), in the first year you would pay:
Charge based on assets: £50,000 x 0.30%, plus £50,000 x 0.20% = £250.00
If you invest £1,500,000 between two Accounts (eg, ISA and IA), in the first year you would pay:
Charge based on assets: £50,000 x 0.30%, plus £950,000 x 0.20%, plus £500,000 x 0.00% = £2,050.00
The above examples assume that no trades in Exchange Traded Instruments, such as shares and ETFs, are made. Fund management charges can vary considerably, depending on the fund you choose and are in addition to the charges given in these examples. You can find the amount of the fund management charge in the key investor information document (KIID) for your chosen fund(s). You should refer to the Key Features Document for an illustration of what you might get back.