Strategic Multi-Option

Our most flexible solution allowing advisers to choose between fully passive, fully active or a blend of both for different asset classes.

For financial professionals only
Please note:
  • The content of this page is only suitable regulated financial advisers.
  • Past performance isn't an indicator of future returns and investors could get back less than they put in.
  • This content of this page is intended as general information and shouldn't be viewed as a personal recommendation.
  • There's also no guarantee that investment solution or funds will meet their objectives.
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Our most flexible solution

Offering either fully active, fully passive or a blend of both. Advisers can take a view on a class-by-class basis and, with a lower DFM fee on passive assets, enjoy more control over costs while offering their client a more personalised portfolio. The solution is rebalanced quarterly to keep risk in line with expectations. 

Costs and charges

Our Multi-Option charges are simple and transparent. For our custody fee, when the total value of your client’s assets falls into a given band, they pay that charge for all their money, not just the proportion in that band.

DFM charge0.12% - 0.24% (pro-rated to active/passive split)
Dealing charge (for fund switches and rebalance purchases)0.45% (≈0.05% p.a.)*
Parmenion SIPP charge£18+VAT per quarter

*Assumes a 12% turnover rate - for guidance only, actual turnover may be more or less than this amount

Custody band†Charge
£0 - £299,999.990.30%
£300,000.00 - £599,999.990.25%
£600,000.00 - £1,499,999.990.20%
£1,500,000.00 +0.15%

†A minimum monthly custody charge of £5 per client applies. Cliff edge structure.

Here’s what your client might pay

For a £100,000 non-SIPP Multi-Option portfolio in Risk Grade 5, and an OCF as of the 31st December 2023

CustodyDFM ChargeDealing*OCFTotal
Multi-Option (all active)0.30%0.24%0.05%0.61%1.14%
Multi-Option (all passive)0.30%0.12%0.05%0.17%0.64%

*Assuming a 12% turnover rate - for guidance only, actual turnover may be more or less than this amount

A headshot of Harry Garrett

The multiple options on offer make this one of our most flexible solutions. Advisers can define the active and passive exposure within their client’s risk grade, giving them control over each client’s investment portfolio. Importantly, it also allows them - and their clients - some control of costs.

Harry Garrett
Investment Director

If you’d like to chat to us about our Multi-Option solution 

or our wider proposition, please get in touch