Quilter Investors has lowered the costs of its Cirilium range after a change in management.
The Cirilium portfolios will see a reduction in cost of 12 basis points to the fixed ongoing charge, the Cirilium Blend portfolios an 11 basis point drop and the Cirilium Conservative portfolio will see 15 bps taken off.
The changes will take place on March 31.
Changes to the Cirilium range
| | Previous fixed ongoing charge | New fixed ongoing charge |
Cirilium Conservative R | 1.05% | 0.90% |
Cirilium Balanced R | 1.15% | 1.03% |
Cirilium Moderate R | 1.15% | 1.03% |
Cirilium Dynamic R | 1.15% | 1.03% |
Cirilium Adventurous R | 1.15% | 1.03% |
Cirilium Conservative Blend U1 | 0.85% | 0.74% |
Cirilium Balanced Blend U1 | 0.85% | 0.74% |
Cirilium Moderate Blend U1 | 0.85% | 0.74% |
Cirilium Dynamic Blend U1 | 0.85% | 0.74% |
Cirilium Adventurous Blend U1 | 0.85% | 0.74% |
Source: Quilter
The changes come after the departure of Paul Craig, Hinesh Patel and Danny Knight was announced, and the management of the Cirilium portfolio range was taken over by Ian Jensen-Humphreys and Sacha Chorley, who previously managed the Cirilium blend portfolios.
The latter pair have since adjusted some of the holdings in the portfolios.
Quilter will soon launch a range of responsible investment multi-asset portfolios.
Steven Levin, chief executive at Quilter, said: “It is important to constantly review where we can bring charges down and help maximise returns for clients. Investors will continue to have access to the same portfolios, styles and team, but at a significantly reduced rate.
“We want our investment range to be agile and respond to the needs of advisers and their clients. This is the latest step in doing this and look forward to collaborating with them more to help initiate and drive change in our investment proposition and deliver good customer outcomes.”
sally.hickey@ft.com
