Low charges (0% initial commission)
fundsnet is the first choice for smart, simple, secure and low-cost online investments, designed for private investors able to make their own investment decisions. In addition to enjoying the ease and simplicity of our service, you avoid the high costs of paying for advice from Independent Financial Advisors, banks or other institutions.
Initial charge
fundsnet do not receive any initial commission when you invest, this applies for all lump sum investments, transferring funds to us and each time you make a monthly investment. Also by negotiating special terms with fund managers most have agreed to give up some, or all of their initial charge. This means many funds on our platform will have an initial charge of 0%. On some funds you will see a small initial charge, this is levied by some fund mangers. We are in constant negotiations with each fund manger to reduce this charge to zero.
Compare this with buying direct from a fund manager – even if you do so online, in many cases you will pay a 5% initial charge. That means that with fundsnet, for every £10,000, you get an ‘extra’ £500 invested for you. (This only applies on the funds with a 0% initial charge, the saving will not be as high on other funds).
The initial charge for each fund is shown on the fund selection page, you can see exactly what you pay before you invest.
Annual charge
Absolutely no “extras”
No annual account fee.
Once you have bought a fund there are no additional charges for using fundsnet. All you pay are the standard charges levied by the fund manager. You can view the annual management charge for each fund by clicking on the graph icons throughout the site to bring up the fact sheet. The charge can then be found on the summary tab.
Switching charge
You are able to switch between any fund or fund manager on our platform for a fixed charge of only 0.25%* of the amount you switch. You can switch as many times as you wish. *On some Cash and Index tracking funds their is no switch charge.
No Charge for transferring your funds to us
We pay you £25.00 for each account that you transfer to us.
We guarantee that by transferring your funds to our platform we will not charge you a penny - if there is an initial charge on the funds you are transferring to we will refund this charge to you. Furthermore - for each account you transfer to us we will pay you £25.00.
Sound too good to be true - how do we make our money?
Each fund manager pays us a proportion of the annual management charge (A.M.C.) that is taken from each fund. For example: If a fund managers A.M.C. is 1.5% per annum, the fund manager would pay fundsnet a proportion of this charge. That is all we get paid!
fundsnet advised service
Charges for this service are dependent on the work undertaken and will be discussed once we have assessed your needs and have an understanding of how much work in required.
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