AFH to scrap platform fees by the end of 2018

Story

AFH today became the first financial adviser in the UK to scrap platform fees for its clients.

AFH chief executive Alan Hudson said clients investing with AFH would in future not be charged platform fees.

“Platforms are too expensive anyway, and as it’s mainly advisers who benefit from using them we don’t think it’s right that our clients pay for them,” he said.

“We believe that investment returns in the future will on average be lower than they have been historically. That means we have to look to reduce third-party costs wherever possible, so our clients can achieve sufficient net investment returns to meet their financial planning objectives.”

Alan said he believed other advisers would follow AFH’s lead.

“For us, it wasn’t a question of whether but of when. This is a natural development of our strategy to make investment advice accessible and improve outcomes for our clients.”

Financial Group news

Find all the latest news related to the Group here.

Family firm joins AFH family

Family firm joins AFH family

Story 11/06/18

Husband-and-wife team are the latest to join the growing AFH family of advisers

Continue Reading
AFH announces strong financial results

AFH announces strong financial results

Story 07/06/18

Leading financial services group AFH has announced its results for the first half of 2017-18, with headline figures showing the company is continuing its strong growth.

Continue Reading
Leading lawyers look to AFH to deliver best for their clients

Leading lawyers look to AFH to deliver best for their clients

Story 21/05/18

There’s a new name in Nottingham financial circles, now a local law firm has sold its financial advice business to leading UK wealth management group AFH.

Continue Reading
More articles