PortfolioMetrix UK is reducing its fee by more than 40 per cent for registered charities using the discretionary investment manager’s services.
The firm celebrated its UK four-year anniversary in January 2017 and decided it wanted to do something to help support a broad range of charities across the UK.
Since yesterday (1 February) charities registered in the UK will be charged a reduced rate of 0.2 per cent a year (plus VAT).
Mike Roberts, managing director at Portfolio Metrix UK, said: “Having carefully considered the best way to support positive change, we concluded offering our time and expertise, via a reduced fee, was the most efficient way to support the fantastic work charities do.
“It is our hope that better investment outcomes at a lower cost will allow charities to meet more of their charitable goals.”
PortfolioMetrix was founded in 2010 and began managing investments for UK clients in early 2013.