IFA Fee Analysis Service
Ongoing Charges (OCF) are NOT the full cost of investing, as it does not include transaction costs at individual fund level. Research by the CFA Institute found more than two-fifths of Value Assessment Reports failed to state the ongoing charges figures at this level, which is key information for retail investors (CFA analysis Feb 2021).
SCM is aware that it can be difficult for Advisers to find out this cost information for clients’ portfolios, so offer a FREE IFA FEE Analysis Service for Model Portfolios. Contact us at enquiries@scmdirect.com or fill out the ‘How Can We Help’ Form at the bottom of the page.
Note:
For the FREE IFA Analysis Service, SCM calculates the Ongoing Charges Figure (OCF) and the Estimated Transaction costs sourced from third party data providers, based on the funds/portfolios of investments as provided by an Adviser to us. We make certain assumptions when calculating the transaction costs and may therefore not be 100% accurate, and will be subject to change without reference or notification. This should not be viewed as a recommendation to buy or sell any particular investments or engage in investment activity with any particular manager and this does not constitute an invitation or inducement to any person to engage in investment activity.
