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SCM Direct Cost Calculator - shows impact of different levels of fees on the end sum after a 5 year period
(assumes same level of investment return before fees)

Past performance should not be seen as a guide to future returns. The value of investments and the income from them can go down as well as up and investors may not recover the amount of their original investment.

A full list of Illustrations of Costs and Charges over 5 years for the various SCM Portfolios, based on 31st December 2017 estimated costs and charges for a £100,000 Investment in the SCM GBP Portfolios, a €100,000 Investment in the SCM Euro Portfolios or a $100,000 Investment in the SCM USD Portfolios can be found here.

NOTES

Numis Securities analysed an average portfolio of £120,000. It looked at charges for discretionary portfolio management within 13 firms over an assumed 6 year period http://www.telegraph.co.uk/finance/ personalfinance/investing/11230939/DIY-investment-vs-leaving-it-to-the-pros.html The average overall charge excluding underlying transaction costs for the sample (excluding SCM) was 2.21% pa.

The November 2016 FCA Asset Management Market Study Interim Report https://www.fca.org.uk/publication/ market-studies/ms15-2-2-interim-report.pdf found that transaction costs ‘add around 50bps on average to the cost of active management for equity investments’.

SCM Direct has combined the two numbers above comes to an estimated typical fee for a typical wealth manager of 2.71% pa.

These illustrations are based on the average fees and charges, weighted by the amount invested within each of the SCM GBP Portfolios as at 31st December 2017.

All SIPP related fees and charges can be found at scmdirect.wpengine.com. The annual fee of the SIPP is 0.1% + VAT pa subject to an overall mimimum per annum of £15+VAT (i.e. £18) and a maximum annual charge of £50+VAT (i.e. £60). An additional fee of £125 + VAT applies to clients within drawdown. There is no fee for transfers in and the fee for transfers out will not exceed the previous year’s fee. Other fees for work in relation to for commercial property, divorce & death for example are available on request and will be quoted to you before any work is carried out.

The graph has been calculated using fee’s to 4 d.p which can result in a different overall performance to other illustrations.

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