National advice firm Shackleton has cut its platform fees for existing and new clients on the Shackleton Hub and reduced the overall cost of its funds.
The changes will come into effect on 1 February 2025.
From that date, the starting rate for investments between £0 and £500k will drop from 0.23% to 0.20% – a 13% reduction
For investments between £500k and £1m, a new tier is introduced with an even lower rate, dropping from 0.23% to 0.15% – a 35% reduction
All other charges remain unchanged.
As Shackleton continues to grow, it said its aim was to make its hub and investment proposition “even more attractive and competitive” for clients.
This includes the possibility of further fee reductions and enhancements to its services over the years to come.
Through the hub, Shackleton manages £460m of funds on behalf of 1,700 clients through around 2,500 accounts.
Fee structure from 1 February 2025
| Amount Invested | % | Charge |
| £0 to £500,000 | First £500,000 | 0.200% |
| £500,000 to £1m | Next £500,000 | 0.150% |
| £1m to £2m | Next £1m | 0.100% |
| £2m to £5m | Next £2m | 0.050% |
| £5m+ | Over £5m | 0.030% |
Fee structure up to 31 of January 2025
| Amount invested | % | Charge |
| £0 to £1m | First £1m | 0.230% |
| £1m to £2m | Next £1m | 0.100% |
| £2m to £5m | Next £3m | 0.050% |
| £5m+ | Over £5m | 0.030% |
In addition to the fee reductions, the business has also reduced the overall cost of its VT Esprit funds, which form part of its centralised investment proposition, by 0.02% – 0.07%.
The overall cost of the VT Esprit Tactical Growth, the largest fund in the range at £340m, has dropped from 0.75% to 0.68%.
For a client with £1m invested in VT Esprit Tactical Growth on the Shackleton Hub, the fee reduction amounts to an annual saving of £1,250.
Shackleton is headquartered in London and manages £5.5bn of assets under advice and management.
It operates as a single, nationwide financial-advice company, with a physical presence in 17 cities and towns across Britain, as of 31 December 2024.
The company has been rapidly growing through a successful ‘buy and build’ strategy, supported by Sovereign Capital Partners.
Its objective is to improve its clients’ financial security, enabling them to “live their lives safe in the knowledge that their financial affairs are in good order”.
As a result of the efficiencies achieved through its significant growth in assets under management over the past two years, it has announced that it will pass on the resulting cost savings directly to clients.
Shackleton chief executive Paul Feeney said he is “delighted” with the efficiencies the firm has achieved through its growth over the past two years.
These have enabled the firm to deliver the reduction in fees for both existing and future clients.
“Our goal is to be the most trusted provider of financial advice in the country,” he added.
“I strongly believe that the changes announced today clearly demonstrate our commitment to delivering on this goal.
“It also highlights that we are true to the important core values that sit at the heart of Shackleton – respect, fairness, care, dependability and courage.”
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