IBOSS is delighted to announce that from Q3 2023 the OCF will be lower across all 32 of our DFM MPS portfolios.
Following successful negotiations with multiple leading fund houses we have managed to secure reduced pricing across a range of funds, of which several are also held across our OEIC Fund Range. For context, one of the fund houses has only signed off a handful of these deals with other asset management providers during the past 2 years.
Costs, like interest, have a compounding effect over time and can have a dramatic impact on investment returns, one that’s not always obvious or transparent.
IBOSS Chief Investment Officer, Chris Metcalfe, said: “In the world we are all currently living in, the cost of almost everything seems to be going up. We are therefore delighted to be able to offer advisers and their clients lower charges, and some of the very best in terms of competitive pricing across the DFM MPS marketplace.”
Using the IBOSS Core MPS range as an example, we can now offer an OCF as low as 0.34%* in our low-risk portfolio and our high-risk portfolio has dropped from 0.65% to 0.58%*.
We expect costs to be reduced even further in Q4 once the full impact of our newly agreed terms comes into effect.
*The DFM MPS ongoing charges figure is produced using the preferred share classes, this may differ from platform to platform.
This communication is designed for professional financial advisers only and is not approved for direct marketing with individual clients. These investments are not suitable for everyone, and you should obtain expert advice from a professional financial adviser. Investments are intended to be held over a medium to long term timescale, taking into account the minimum period of time designated by the risk rating of the particular fund or portfolio, although this does not provide any guarantee that your objectives will be met. Please note that the content is based on the author’s opinion and is not intended as investment advice. It remains the responsibility of the financial adviser to verify the accuracy of the information and assess whether the OEIC fund or discretionary fund management model portfolio is suitable and appropriate for their customer.
OEIC Fund Range – important information about the funds can be found in the Supplementary Information Document and NURS-KII Document which are available on Margetts’ website or upon request. Margetts Fund Management are our Authorised Corporate Director (ACD) of our OEIC.
We provide the DFM MPS as both distributor and manufacturer. Details of our target market assessment can be found in our compliance investment procedures, available upon request. Each fund will be assessed independently, but it is highly unlikely that any one fund held in our portfolio will meet the target.
IBOSS Asset Management Limited is authorised and regulated by the Financial Conduct Authority. Financial Services Register Number 697866.
IBOSS Asset Management Limited is owned by Kingswood Holdings Limited, an AIM Listed company incorporated in Guernsey (registered number: 42316).
Registered Office is the same: 2 Sceptre House, Hornbeam Square North, Harrogate, HG2 8PB. Registered in England No: 6427223.
IAM 236.8.23
