We set our rates at a sustainable level to support long-term financial planning. What’s more, based on the assets you manage for your most valuable clients, we can offer special terms as well as tiered large fund discounts.
|Platform eligible assets||Platform charge - all products|
|£0 to £249,999.99||0.35%|
|£250,000 to £749,999.99||0.25%|
|£750,000 to £999,999.99||0.15%|
For more information about what platform eligible assets are, please see our Wrap charges guides.
Comparing platform charges
Jargon in financial services can be confusing, which makes it hard for your clients to compare services or understand what they’ll pay. This document identifies the main components of platform charges and explains what these different charges might look like.
Read our guide below for more information on how this alternative pricing structure works. You'll also find instructions for how to request these terms for eligible clients.
When accounts are linked for family terms, all family members can benefit from the associated discount. We can link up to 10 close family members as long as one family member has at least £500,000 in platform eligible assets in their individual account. Couples can benefit from family terms too, by linking two individual accounts and a joint account if the combined total is at least £500,000 in platform eligible assets.
For more information on family terms, including terms and conditions, please see our Understanding family/couples discount guide.
As time out of the market can have a big impact on your clients' investments, Wrap can pre-fund new investments, fund switches and pension tax relief for them at no extra cost, even if their funds have yet to clear.
Pre-funding can help you:
For the various cash accounts held within your client’s Wrap account, we apply a cash management administration charge (CMAC). The charge represents the difference between the total interest we receive from the bank(s) used to provide these accounts and any interest payable to your client. We keep the margin (charges). Interest rates vary depending on the interest received from the bank(s) and may go up and down regularly.
|Product||Current interest rate*||CMAC applied**||Tax deducted|
|Wrap cash account||1.19%||1.75%||Yes|
|Wrap Cash ISA||1.35%||1.59%||No|
|Wrap Stocks and Shares ISA (cash component)||1.35%||1.59%||No|
|Wrap Personal Portfolio cash account||1.35%||1.59%||Yes|
|Wrap SIPP cash account||1.35%||1.65%||No|
|Wrap International Portfolio Bond cash account||1.35%||1.65%||No|
*The annual gross interest rates we currently pay.
**The CMAC rates stated are example annual rates based on the interest rates received from the bank(s) used to provide these accounts as at 07/11/2022, and assuming a Bank of England Base Rate of 3.00%.
Product administration charges apply if your firm holds less than £75m in platform-eligible assets on Wrap. However, depending of the level of platform-eligible assets you hold on Wrap and how regularly you work with us, we can offer a reduction in the product administration charge.
|Firm level platform-eligible assets on abrdn Wrap||SIPP||International Portfolio Bond and Onshore Bond|
|Less than £20m||0.05%||0.15%|
|£20m to £75m||0.05%||0.05%|
|More than £75m||0.00%||0.00%|
If you’d like more information about Wrap’s charges, speak to your usual abrdn contact. If you don’t currently have an abrdn contact, please call 0345 272 6622 to arrange a call back. Call charges can vary.
Charges correct as at March 2022.
Call charges will vary. There is no guarantee that any email you send will be received or will not have been tampered with. You should not send personal details by email.