We bridge the gap with simplicity, discipline and execution when the investor doesn’t want to travel the do-it-yourself path or be sold ‘the next best fund’. This is done through the statistically efficient, risk-calibrated portfolios of Lexo.
Competitive ‘Fee-Only’ Investment Fees
We are ‘fee-only’ which means we receive no commission or rebates from anyone. There are no initial fees (other than a custodian buy fee of 0.05%) or exit fees when you buy an investment through us – Lexo’s fees are aligned with your success.
We receive no incentive, monetary or otherwise from anybody other than you our investor.
LEXO’s fee structure ranges from a maximum of 50 basis points (0.5%) a year down to 20 basis points (0.2%) —depending on the size of the account. (We currently accept only accounts with at least £25,000.)
Below is a breakdown of the annual fees based on the value of the assets:
- £25,000.00 – £249,999.99 = 0.50 of one per cent (50 basis points)
- £250,000.00 – £ 599,999.99 = 0.45 of one per cent (45 basis points)
- £600,000.00 – £999,999.99 = 0.40 of one per cent (40 basis points)
- £1,000,000.00 – £3,999,999.99 = 0.30 of one per cent (30 basis points)
- £4,000,000.00 and over = 0.20 of one per cent (20 basis points)
Our asset management fee
Our business model is “fee only”. This allows us to be free from the conflicts associated with “fee based” or commission based transactions inherent in the industry. Meaning the fee table above is the only way we are paid.
Pension switch advice fee
If you decide you would like to switch a personal pension (including Stakeholder pension) to one of our Lexo portfolios, we would arrange this on an advised basis.
Separate from the product fee, we charge £499 for the first pension and then £199 for each subsequent pension switched at the same time. This is paid by cheque or bank transfer when you send the application forms to Lexo. Our advice fee is payable whether or not you decide to transfer, and is not refundable.